Condition Precedent: Canada Debt .ca defines Condition Precedent

Bankruptcy Term Condition Precedent

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Canada Debt has the definition to the bankruptcy and debt term Condition Precedent. Finding answers to terms such as Condition Precedent can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Condition Precedent in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Condition Precedent' is used as follows:

A contractual condition that is required to be met before a contract can be completed.