- contingent liability
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a liability dependent upon the occurrence of a particular event, as default by the maker of a guaranteed loan.
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Universalium. 2010.
contingent liability
Look at other dictionaries:
contingent liability — see liability 2a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contingent liability … Law dictionary
contingent liability — a liability which will only arise upon the happening of a certain event, for example, the guarantor of a loan being asked to honour the guarantee if the borrower defaults. Glossary of Business Terms A debt or obligation that becomes a liability… … Financial and business terms
contingent liability — A potential liability whose existence and quantification are doubtful. Most systems of *Generally Accepted Accounting Principles require the *disclosure of *material contingent liabilities in financial statements. Contingent liabilities normally… … Auditor's dictionary
contingent liability — 1) A possible obligation that arises from past events, whose existence will be confirmed only by the occurrence of one or more uncertain future events not wholly within an entity s control. 2) A present obligation that arises from past events in… … Accounting dictionary
contingent liability — 1) A possible obligation that arises from past events, whose existence will be confirmed only by the occurrence of one or more uncertain future events not wholly within an entity s control. 2) A present obligation that arises from past events in… … Big dictionary of business and management
contingent liability — noun : an amount that may or may not be owed dependent on the outcome of a contingency (as a discounted note receivable) * * * a liability dependent upon the occurrence of a particular event, as default by the maker of a guaranteed loan. * * *… … Useful english dictionary
Contingent Liability — 1. The possibility of an obligation to pay certain sums dependent on future events. 2. Defined obligations by a company that must be met, but the probability of payment is minimal. 1. A good example of a contingent liability would be an… … Investment dictionary
contingent liability — neapibrėžtasis įsipareigojimas statusas T sritis Gynyba apibrėžtis 1. Įsipareigojimas, kuris gali atsirasti dėl praeities įvykių ir kurio buvimą patvirtins vienas arba daugiau įmonės ar organizacijos nevisiškai valdomų atsitikimų, įvyksiančių ar… … Lithuanian dictionary (lietuvių žodynas)
Contingent liability — Contingent liabilities are liabilities that may or may not be incurred by an entity depending on the outcome of a future event such as a court case. These liabilities are recorded in a company s accounts and shown in the balance sheet when both… … Wikipedia
contingent liability — /kənˌtɪndʒənt laɪə bɪlɪti/ noun a liability which may or may not occur, but for which provision is made in a company’s accounts, as opposed to ‘provisions’, where money is set aside for an anticipated expenditure … Marketing dictionary in english
