contingent

Definition

In real estate and business, a condition that must be satisfied before a deal becomes final—essentially an escape hatch built into your contract. Common contingencies include financing approval, home inspections, or the buyer winning the lottery. It's the legal equivalent of saying 'I'm in, but only if...' and everyone agreeing to wait and see.

Example Usage

The offer on the house is contingent upon the buyer securing a mortgage within 30 days.

Source: Real estate and contract terminology

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