Condition

In contracts, a future and uncertain event which must happen to create an obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs. or which extinguishes an existent obligation. In conveyances of real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc. conditionsProvisions of an insurance policy that state the rights and duties of the insured or the insurance company. in the conveyanceThe transfer of title to real property by means of a written instrument, such as a deed. may cause an interestThis is the amount that is imposed when payment is remitted after the due date. to be vestedHaving the right to use a portion of a fund such as an individual retirement fund. For example, individuals or defeated.