In general accounting practice, contingency amount means reserve or backup money. It will be used to manage a risk or an uncertain events. This amount will be allocated by percentage of the budgeted amount.
A case that is not taken on contingency means that the attorney will charge a client a fee regardless of the outcome of the case. In such arrangements, clients typically pay hourly rates, flat fees, or retainer fees upfront. This contrasts with contingency fee arrangements, where the attorney only gets paid if the client wins the case, usually receiving a percentage of the awarded amount. Non-contingency cases may be more common in areas such as criminal defense or family law, where outcomes are less predictable.
Pending Sale
The purpose of having a contingency plan is to have steps when things go wrong in a business. A contingency plan goes into act when something unexpected happens.
Chance, possibility, probability, eventuality, or exigency. Those words mean contingency.
It is an event that is likely to hapen but it can not be predicteded with pure certainty
A contingency fund is an amount of money placed aside to be used when a certain event (the contingency) occurs. A common example is a contingency fund for risks in a project. If the risk occurs, the money is used to mitigate the risk. Without a contingency fund, any risks coming to pass would become uncovered expenses.
What is the meaning of contingency leadership in relation to Human Resource Management
use contingency in a sentence?
Disaster contingency plan
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The correct spelling isnon-contingency.
BEST describe contingency approaches
Contingency plan for terrorist attack
Contingency strategies are important because sometimes, plans fail. If you have a contingency strategy for your business, then you won't have to start over completely.
Contingency transations have no entry until contingency not clear and only shown in notes to financial statements.
A case that is not taken on contingency means that the attorney will charge a client a fee regardless of the outcome of the case. In such arrangements, clients typically pay hourly rates, flat fees, or retainer fees upfront. This contrasts with contingency fee arrangements, where the attorney only gets paid if the client wins the case, usually receiving a percentage of the awarded amount. Non-contingency cases may be more common in areas such as criminal defense or family law, where outcomes are less predictable.