contingent fee

  

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 Videos




http://www.businessdictionary.com/definition/contingent-fee.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z