Posted by Brent_IL on September 18, 2003 at 16:32:44:
“Subject to” is used in two ways:
1 - As a short form of “subject to the existing financing.” This means that you are taking over the payments for a loan, but not assuming the loan. When I talk about this I always use a hyphen, i.e., subject-to.
2 - The second way the term is used is in a legal sense. “Subject to the following:” means that the contract is conditional on the items listed being fulfilled or the occurrences happening. In this case, “subject to” is synonymous with “contingent upon.”