contingent claim

contingent claim
A liability which depends upon some future event which may or may not happen, and which, therefore, makes it wholly uncertain whether ultimately there ever will be a liability. Re Ayeres, 123 Neb 453, 243 NE 274. A claim against an insolvent contingent upon the happening of some occurrence which has not happened at the time when claim is made. 29 Am J Rev ed Insolv § 35.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • contingent claim — a claim that may be owed by the debtor under certain circumstances. For example, where the debtor is a cosigner on another person s loan and that person fails to pay (Glossary of Common Bankruptcy Terms) A claim against a debtor that will only… …   Glossary of Bankruptcy

  • contingent claim — noun A claim that can be made when certain specified outcomes occur …   Wiktionary

  • Contingent claim — A claim that can be made only if one or more specified outcomes occur. The New York Times Financial Glossary …   Financial and business terms

  • contingent claim — A claim that can be made only if one or more specified outcomes occur. Bloomberg Financial Dictionary …   Financial and business terms

  • contingent claim — One which has not accrued and which is dependent on some future event that may never happen …   Black's law dictionary

  • contingent claim — One which has not accrued and which is dependent on some future event that may never happen …   Black's law dictionary

  • claim — n [Old French, from clamer to call, claim, from Latin clamare to shout, proclaim] 1 a: a demand for something (as money) due or believed to be due; specif: a demand for a benefit (as under the workers compensation law) or contractual payment (as… …   Law dictionary

  • contingent — con·tin·gent /kən tin jənt/ adj 1: likely but not certain to happen compare executory 2: intended for use in circumstances not completely foreseen a contingent fund 3: dependent on or conditioned by something else …   Law dictionary

  • contingent debt — One which is not presently fixed, but may become so in the future with the occurrence of some uncertain event. A debt in bankruptcy which may be proved and allowed and which arises out of contract. It does not encompass a tort claim on which no… …   Black's law dictionary

  • contingent debt — One which is not presently fixed, but may become so in the future with the occurrence of some uncertain event. A debt in bankruptcy which may be proved and allowed and which arises out of contract. It does not encompass a tort claim on which no… …   Black's law dictionary

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