Contingency Fee: Canada Debt .ca defines Contingency Fee

Bankruptcy Term Contingency Fee

<<< Back

Canada Debt has the definition to the bankruptcy and debt term Contingency Fee. Finding answers to terms such as Contingency Fee 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. Contingency Fee in financial terms means...

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

That fee which a person, often a lawyer, is entitled to per agreement upon the successful completion of some action. For example, a lawyer can take on an action for, say, 25% of the proceeds which he would only be entitled to if the action is successful.