Condition Subsequent

Business, Legal & Accounting Glossary

Definition: Condition Subsequent




What is the dictionary definition of Condition Subsequent?

Dictionary Definition


n. 1) in a contract, a happening which terminates the duty of a party to perform or do his/her part. 2) in a deed to real property, an event which terminates a person’s interest in the property. Examples: if the Dingbat Company closes its business, a supplier will not be required to fulfil its contract and deliver gadgets to the company and the contract will terminate; if daughter-in-law Beatrice terminates her marriage to Reggie Fauntleroy, her interest in the real property will terminate and revert to the grantors, Mom and Dad Fauntleroy.


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https://payrollheaven.com/define/condition-subsequent/
Modern Language Association (MLA):
Condition Subsequent. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 26, 2021 https://payrollheaven.com/define/condition-subsequent/.
Chicago Manual of Style (CMS):
Condition Subsequent. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/condition-subsequent/ (accessed: September 26, 2021).
American Psychological Association (APA):
Condition Subsequent. PayrollHeaven.com. Retrieved September 26, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/condition-subsequent/

Definition Sources


Definitions for Condition Subsequent 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 | 1 Views.