What is a contingency reserve?

Answer Contingency reserves are sums set aside to cover anticipated future liabilities or reductions in asset values.Rule Governing Contingency ReservesContingency reserves must be disclosed in financial ... Read More »

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What is a contingency fee agreement?

There are basically two types of fee agreements entered into with attorneys: fixed fee and contingent fee. A contingent-fee agreement is one where the attorney is paid only if a recovery is made.C... Read More »

What Is a Contingency Fee in Recruitment?

Recruiting agencies and freelance recruiters perform an important function in the business world, helping employers fill critical vacancies. If a recruiter has a financial incentive -- a contingenc... Read More »

What is a contingency contract in real estate?

A contingency contract in real estate is essentially a clause within the document that enables the buyer to effectively cancel his obligation to move forward in the transaction. While the contingen... Read More »

What is the contingency quantities in a bill of quantity called?