When do I expire a revenue contingency?

You can expire a revenue contingency at any time, according to the circumstances surrounding the contingency and the related transaction.

For example, you may need to expire one contingency on a transaction line and assign a new contingency to the same transaction line. In other cases, a contingency may be assigned in error to a transaction.

You can expire a time-based contingency if the terms of the contingency are met in advance of the specified time period, such as a change in time-period for a funding clause or acceptance clause.