单词 | contingent liability |
释义 | contingent liability contingent liability (also contingency liability, less frequent) noun [C]
(Accounting ) a debt shown in a company's financial records that does not exist now but may exist in the future if a particular event happens: The company has a number of possible contingent liabilities arising from lawsuits. We are €5bn in debt and may have to meet a further €2bn in contingent liabilities next year. |
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