contingencies

Definition

The 'what if' scenarios that keep project managers up at night and pad contracts with extra zeros. In real estate, these are the escape clauses buyers insert into offers like 'contingent on inspection' or 'contingent on not discovering the basement is haunted.' Essentially, it's the professional way of saying 'but only if everything goes according to plan,' which it never does.

Example Usage

The offer included three contingencies: financing approval, a clean inspection, and the seller agreeing to remove that disturbing clown collection.

Source: Real estate and contract terminology

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