A contingent payment is a type of payment that is dependent on certain conditions being met. It means that the payment will only happen if something specific happens or if certain criteria are fulfilled. Full definition
Explain that you are on social security and want to apply for income contingent payment repayment. (helpsishere.org)
But based on your past income and circumstances, your income contingent payment may be as low as $ 0 per month at the moment. (getoutofdebt.org)
Based on the fulfillment of certain milestones, Merck may make additional contingent payments of up to 349 million euros ($ 418 million). (fortune.com)