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contingent liability

American  

noun

  1. a liability dependent upon the occurrence of a particular event, as default by the maker of a guaranteed loan.


Example Sentences

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Stripping out one-time items—primarily related to pending claims and settlements, as well as a loss on a contingent liability measurement—earnings were $1.89 a share.

From The Wall Street Journal Apr. 30, 2026

Last December, in a report, the IMF flagged India's "elevated public debt levels and contingent liability risks".

From BBC May 8, 2024

“Ex-Im is a smaller one. … We should find ways to lessen the contingent liability of the federal government.”

From Slate Mar. 2, 2015

From the outset, it seemed curious that any businessman would buy a business facing a potential and widely reported £49m contingent liability if it was defeated in a tax tribunal.

From The Guardian Feb. 13, 2012

No contingent liability, it seems, can dissuade Mr. Cabell from this preference.

From The Cords of Vanity A Comedy of Shirking by James Branch Cabell

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