A contingent liability is a potential cost a company may or may not incur in the future. A contingent liability could be a guarantee on a debt to another entity, a lawsuit, a government probe, or even ...

A CORPORATION THAT IS SOLD OR RESTRUCTURED faces significant uncertainty about how the government will tax contingent liabilities such as environmental, tort and similar obligations. This is ...

Accruing a likely contingent liability is part of responsible earnings management. Although you aren't likely to find the term "earnings management" in an accounting dictionary, the American Institute ...

ISLAMABAD, June 4: Contingent liabilities (both explicit and implicit) have increased by 25 per cent to Rs95 billion during the current fiscal year from Rs75.9 billion last year, reveals Economic ...

Contingent liabilities, letter of credit edition on facebook (opens in a new window) Contingent liabilities, letter of credit edition on linkedin (opens in a new window) ...

ISLAMABAD, June 5: Pakistan’s explicit and implicit contingent liabilities are projected to cross Rs75 billion during the year 2003-04 that could pose a budgetary gap of 1.34 per cent of GDP. This ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...