Exam term

Financing contingency

A contingency that lets a buyer terminate if the specified loan cannot be obtained after the required efforts and notice. It does not require a lender to approve the loan.

Lessons that use this term

Representing a seller or a buyer: offers, price, and confidential information California
Performance, breach, remedies, and discharge of contracts California
Purchase contracts: contingencies, deposits, and liquidated damages California
Sale and purchase contracts Florida
Earnest money, equitable title, and contingencies Texas