Glossary of terms used on this site
There are 105 entries in this glossary.All
| Term | Definition |
|---|---|
| Contingency |
Wording in a contract that makes it unenforceable if specified conditions are not met. Common examples are clauses that state that the buyer is not obligated to buy property until and unless he or she is able to sell currently owned property, or that the buyer is not obligated to buy property if he or she is unable to get a mortgage loan for a certain amount. |