Related Words

Contingency: A provision in a contract that requires a certain act to be done or a certain event to occur before the contract becomes binding.

Contingency Order: A contingency order to buy or sell a security or other investment product is one that has strings attached. Specifically, it is an order, such as a stop order, a stop-limit order, or an all- . . . View Full Definition

Contingency Reinforcement: In operant or instrumental conditioning, ensuring that desired behavior is followed by positive consequences and that undesired behavior is not rewarded.

Contingency Planning: The process of identifying an organization’s critical information systems and business operations and developing and implementing plans to enable those systems and operations to resume follo . . . View Full Definition

Leg Up: Used in the context of general equities. (1)Have a portion of the offsetting side of a trade in your pocket (spoken for) so your capital risk in the transaction is reduced. (Purchase of 10,0 . . . View Full Definition

Escape Clause: 1. A contract provision relieving a party of liability for failure to perform, as where a stated contingency does not occur. If such a clause allows the party to cancel the contract for no r . . . View Full Definition