What is a Contingency?

<p><span style="background-color:rgb(255,255,255);color:rgb(83,82,75);font-family:gt-america, sans-serif, -apple-system, blinkmacsystemfont, &quot;Apple Color Emoji&quot;, &quot;Segoe UI&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;;">A contingency is a requirement of a deal, that if not satisfied results in the other party being released from its obligations.</span></p>

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FinTech Glossary of Terms