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a liability dependent upon the occurrence of a particular event, as default by the maker of a guaranteed loan.
Based on the Random House Dictionary, © Random House, Inc. 2014.
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may be a specific amount or a range of amounts.
shall be supported by sufficient detail to facilitate audit.
The agency recognizes an expense and
for the full amount of the expected loss.
was not reported on the balance sheet, it did not reduce reported net worth.
He has but a
that may or may not ripen into a debt.
for independent contractors coverage must be included.
The follow-up audit revealed that this second contingency has since been resolved and the
no longer exists.
Neither the state nor its municipalities bear any
metrics, such as amounts of unfunded loan commitments and lines of credit relative to available funding.
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Nearby words for contingent liability
continuation passing style