In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the...

medicine Contingent claim, in finance Contingent fee, in commercial matters Contingent liability, in law Contingent vote, in politics Contingent work, an...

past transactions or events Accrued liabilities and contingent liability Current liability, or short-term liabilities are obligations that will be settled...

is crediting an asset and debiting a liability, which means that both decrease. Assets Cost Contingent liability Depreciation Financial Accounting Overhead...

particular event occurs in the future.: 76  An example of an explicit contingent liability is a public sector loan guarantee, where the government is required...

assets such as patents, and liabilities such as accounts payable, accrued expenses, and long-term debt. Contingent liabilities such as warranties are noted...

recognition of a provision for contingent liabilities, this prohibition is not applicable to the accounting for contingent liabilities in a business combination...

be modeled correspondingly. Contingent claim valuation is also used to value specific balance sheet assets and liabilities which similarly exhibit option-like...

defendant or casualty insurer retains a contingent liability. While a default is a rare occurrence, contingent liability did come into play with the liquidation...

time, is the outstanding amount of those actual current, and not contingent, liabilities that require payment(s) of principal and/or interest by the debtor...

complex financial transaction. Thus, they are also a form of asset (or contingent liability) and have a valuation that may depend on a complex relationship between...

Defence Ben Wallace (28 June 2023). "Astute Replacement Programme: Contingent Liability". UK Parliament Hansard. House of Commons. Archived from the original...

International Accounting Standard 37: Provisions, Contingent Liabilities and Contingent Assets, or IAS 37, is an international financial reporting standard...

stable path in all standard stress tests except for the scenario with contingent liability shocks," such as "a large-scale bank recapitalization or financial...

bankruptcy of the principal debtor, but also, it seems, in respect of the contingent liability to pay under the guarantee. If the creditor has already acted, the...

GAAP but a liability in IFRS.   In the International Financial Reporting Standards (IFRS), the treatment of provisions (as well as contingent assets and...

A contingent fee (also known as a contingency fee in the United States or a conditional fee in England and Wales) is any fee for services provided where...

Deal". NavalToday.com. 11 December 2012. Retrieved 20 March 2016. "Contingent Liability: Written statement - HCWS516". House of Commons. 6 March 2018. Chapples...

The Economic Times, 14 July 2016 "Ind-AS to raise June quarter tax liabilities by 20%", The Economic Times, 13 April 2016, archived from the original...

jurisdictions (for instance in the UK), the limited liability of the limited partners is contingent on their not participating in management. Partnership...

an asset paired with a contingent liability. The partnership contribution rules at the time ignored the contingent liability that effectively offset...

non-payment risks arising from commercial and political events. Its contingent liability under contracts of insurance is guaranteed by the Government of the...

Demand Guarantees and SBLCs. For example, SBLCs are issued as a contingent liability of the issuing banks and are issued in conjunction with a primary...

Impairment of Assets 1998 July 1, 1999 IAS 37 Provisions, Contingent Liabilities and Contingent Assets 1998 July 1, 1999 IAS 38 Intangible Assets 1998 July...

become a major concern. Indeed, keeping the PPP project and its contingent liabilities "off balance sheet" means that the true cost of the project is hidden...

Defence Ben Wallace (28 June 2023). "Astute Replacement Programme: Contingent Liability". UK Parliament Hansard. House of Commons. Retrieved 15 October 2023...

contract, that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act. Tort law can be contrasted...

when it can no longer pay its bills when due, or its liabilities—including contingent liabilities such as redundancy payments—outweigh the company’s assets...

stable path in all standard stress tests except for the scenario with contingent liability shocks", such as "a large-scale bank recapitalization or financial...

defines the probability terms as follows, per FAS5 Accounting for Contingent Liabilities: "Probable: The future event or events are likely to occur." "Reasonably...