contingent liability

listen to the pronunciation of contingent liability
English - Turkish
(Ticaret) koşullu borç-yükümlülük
(Kanun,Ticaret) koşullu borç
Olası borç
English - English
Contingent liabilities are liabilities that may or may not be incurred by a company and which depend on the outcome of a forthcoming event such as a court case. These are recorded in a company's accounts as contingent liabilities under accounts payable
obligation that will go into effect if a particular condition is met
contingent liability


    con·tin·gent li·a·bi·li·ty

    Turkish pronunciation

    kıntîncınt layıbîlîti


    /kənˈtənʤənt ˌlīəˈbələtē/ /kənˈtɪnʤənt ˌlaɪəˈbɪlɪtiː/


    [ k&n-'tin-j&nt ] (adjective.) 14th century. Middle English, from Middle French, from Latin contingent-, contingens, present participle of contingere to have contact with, befall, from com- + tangere to touch; more at TANGENT.

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