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What is meant by liabilities?

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Anonymous

13y ago
Updated: 11/8/2022

'Contingent Liabilities' is a term defined as financial or legal liabilities that are dependant on some future event that has yet to occur. i.e. a court case or judicial review.

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Reynold Kuphal

Lvl 10
2y ago

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What is meant by the term contingent liabilities?

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