Definition
Method of remunerating agents, brokers, lawyers, etc., in which no fee is paid until the objective(s) of the arrangement (a court case, contract, sale, etc.) is won or achieved. However, the principal (client) is usually responsible for statutory charges and incidental expenses incurred in course of the action. Also called contingency fee.
Related Articles
- The Economy: From Boom to Recession *
- How to Negotiate with Car Dealerships *
- Currency Pairs *
- The CANSLIM Stock Strategy *
- Mutual Funds and Your Portfolio *
- Introduction to Commodities *
- College Loans Overview *
- Tips on Retirement Planning *
Related Videos
http://www.businessdictionary.com/definition/contingent-fee.html
