What is CONTINGENT CLAIM? Definition of CONTINGENT CLAIM in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
One which has not accrued and which is dependent on some future event that may never happen. Hospes v. Car Co., 48 Minn. 174, 50 N.W. 1117, 15 L.R.A. 470, 31 Am. St.Rep. 637; Hicks v. Wilbur, 38 R.I. 268, 94 A. 872, 874; Cotting v. Hooper, Lewis & Co., 220 Mass. 273, 107 N.E. 931; In re Lexington Surety & In demnity Co., 272 N.Y. 210, 5 N.E.2d 204, 205.
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That's the definition of CONTINGENT CLAIM in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
