Condition Precedent

Business, Legal & Accounting Glossary

Definition: Condition Precedent




What is the dictionary definition of Condition Precedent?

Dictionary Definition


n. 1) in a contract, an event which must take place before a party to a contract must perform or do their part. 2) in a deed to real property, an event which has to occur before the title (or other right) to the property will actually be in the name of the party receiving title. Examples: if the ship makes it to port, the buyer agrees to pay for the freight on the ship and unload it; when daughter Gracella marries she shall then have full title to the property.


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Condition Precedent. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 25, 2021 https://payrollheaven.com/define/condition-precedent/.
Chicago Manual of Style (CMS):
Condition Precedent. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/condition-precedent/ (accessed: September 25, 2021).
American Psychological Association (APA):
Condition Precedent. PayrollHeaven.com. Retrieved September 25, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/condition-precedent/

Definition Sources


Definitions for Condition Precedent are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.