what does a contingent mean on a bank statement.
(As an adjective, contingent can mean possible, accidental, or dependent. As a noun, contingent can mean part of a larger group or a quota.)(adjective) Your salary will be contingent on your performance as a supervisor.(noun) A contingent of troops arrived at the disaster site with medical supplies.
Pending Sale
In regards to life insurance, contingent usually means secondary. For example a contingent beneficiary is a secondary beneficiary, not the primary beneficiary. The contingent beneficiary would receive the proceeds from a life insurance policy if the primary beneficiary were not alive when the insured person dies.
Gurkha Contingent was created in 1949.
Garuda Contingent was created in 1956.
Revolutionary Internationalist Contingent was created in 1986.
Natal Native Contingent was created in 1878.
We expect guidance on contingent assets later this month.
Contingent liabilities are not added to total liabilities but shown as a note to financial statements that these are the liabilities that are contingent on certain event
The squad of troops joined the platoon, therefore they are contingent with the platoon.
It has to do with someones benefits for beneficiaries for life insurance, 401k, etc. Primary would be the person who is your first choice to receive the benefit's. Contingent would be the person who receives the benefits if the primary person is dead.
A Captain of the Horse is an officer's rank in the British Cavalry. A captain is in charge of a company of horsemen and their supporting contingent.