Usually means: Requirement met before contract activates.
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We found 13 dictionaries that define the word condition precedent:

General (6 matching dictionaries)
  1. condition precedent: Wordnik
  2. condition precedent: Wiktionary
  3. condition precedent: Dictionary.com
  4. Condition precedent: Wikipedia, the Free Encyclopedia
  5. condition precedent: Free Dictionary
  6. Condition precedent: Dictionary/thesaurus

Business (7 matching dictionaries)
  1. Duhaime's Canadian law dictionary (No longer online)
  2. condition precedent: Law.com Dictionary
  3. Everybody's Legal Dictionary (No longer online)
  4. Glossary of Legal Terms (No longer online)
  5. Condition Precedent: INSOLVENCY
  6. condition precedent: Legal dictionary
  7. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (condition precedent)

noun:  (law) a condition imposed on an agreement that must be satisfied before property is transferred between parties.
noun:  (law) a condition depending upon an uncertain event which must be fulfilled before an obligation arises or a legal transaction takes effect.

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