June 2020

What is a contingent liability?

ContentContingent LiabilityUnderstanding Contingent LiabilityContingent Liabilities (Accounting) - ExplainedRecognition of contingent liabilitiesReporting Contingent Liabilities It was then at risk of incurring significant costs in defending any claim and stated that it was entitled to recover these costs under the costs and expenses clause of the Facility Agreement. Furthermore, this was a contingent...

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