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What is the meaning of contigency?

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Anonymous

14y ago
Updated: 7/4/2023

I liability that may be incurred depending upon future event(s)

Example- let there is a claim on a company existence of that liability is depends on decision of court so existence of that liability is uncertain so we can say that contigent liability is that liability which may occur or may not. ..

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Myrtle Purdy

Lvl 10
2y ago

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