what does a contingent mean on a bank statement.
Contingent rent refers to rent that is not a fixed amount. The rent amount for a particular period will depend on the amount of revenue that the tenant had during that period of time.
(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
A contingent rental is a lease payment that varies based on specific conditions or performance metrics, such as sales revenue or occupancy rates. Unlike fixed rent, contingent rentals align the landlord's income with the tenant's business performance, often seen in commercial leases. This arrangement can benefit both parties by allowing tenants to manage costs during fluctuations while providing landlords with potential for increased earnings.
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.
Garuda Contingent was created in 1956.
Gurkha Contingent was created in 1949.
We expect guidance on contingent assets later this month.
Revolutionary Internationalist Contingent was created in 1986.
Natal Native Contingent was created in 1878.
"You cannot rent a pig, nor multiple pigs, from [us]."