Non Contingent Debt Law and Legal Definition
Under Bankruptcy laws, a non contingent debt refers to a debt which is owed at present without any contingent acts needing to occur first. On the other hand, a contingent debt is one in which there is a 'triggering event' or some condition precedent for the debt to exist.
Legal Definition list
Related Legal Terms
- Ab Abusu Ad Usum Non Valet Consequentia
- Ab Assuestis Non Fit Injuria
- Absconding Debtor
- Absoluta Sententia Expositore Non Indiget
- Accessorium Non Ducit Sed Sequitur Suum Principale
- Account Debtor
- Acquisition Debt
- Acquisition Indebtedness
- Actus Inceptus Cujus Perfectio Pendet Ex Voluntate Partium Revocari Potest, Si Autem Pendet Ex Voluntate Tertiae Personae, Vel Ex Contingenti, Revocar
- Actus Me Invite Factus Non Est Meus Actus
