Dictionary of Business Terms: contingent fee
contingent fee
charge made by a professional for services rendered to a client, recovery of which depends upon a successful outcome of the case. The amount is often agreed to be a percentage of the client's recovery.
Dictionary of Insurance Terms: contingent fee
contingent fee
amount paid by the attorney of the plaintiff in a liability suit. Usually the attorney receives as a fee from 30 to 50% of the case settlement or reward.
