👉 In financial terms, a non-contingent obligation refers to an obligation that is not contingent upon future events or occurrences. This means that the obligation does not depend on any event or change in the current state of affairs, and therefore cannot be cancelled at any time before it has been fully performed. For example, if you are owed money by your employer for a specific period of time, but you never receive payment, this is an example of a non-contingent obligation. Similarly, if you
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What is the definition of Noncontingently? 🙋
👉 Non-continuously is a term that describes an event or situation that occurs in a sequence of events, where each subsequent event after the previous one does not depend on the occurrence of any earlier events. It is often used to describe events that occur at regular intervals or are unpredictable.
