- contingency liability
- contingency liability UK US noun [C] (plural contingency liabilities) ACCOUNTING► CONTINGENT LIABILITY(Cf. ↑contingent liability)
Financial and business terms. 2012.
contingency liability
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liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds … Law dictionary
Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… … Wikipedia
liability — [n1] answerability, responsibility accountability, accountableness, amenability, amenableness, arrearage, blame, burden, compulsion, culpability, debt, duty, indebtedness, obligation, onus, owing, subjection, susceptibility; concept 645 Ant.… … New thesaurus
liability — I (New American Roget s College Thesaurus) Responsibility Nouns 1. liability, liableness, responsibility, possibility, probability, contingency, susceptibility; duty; liabilities, debts (see debt); drawback (see hindrance). See tendency. 2.… … English dictionary for students
Liability — (Roget s Thesaurus) < N PARAG:Liability >N GRP: N 1 Sgm: N 1 liability liability liableness Sgm: N 1 possibility possibility contingency Sgm: N 1 susceptivity susceptivity susceptibility PARAG:Liability >V GRP: V 1 Sgm … English dictionary for students
contingency — Synonyms and related words: accessory, accident, accidental, addendum, addition, adjunct, adventure, appendage, appurtenance, aptitude, aptness, auxiliary, bare possibility, blind bargain, borderline case, break, casualty, chance, chance hit,… … Moby Thesaurus
Contingency — An economic event, usually negative, that is in the process of occurring and, therefore, has not yet been resolved. For example, pending litigation would be considered a contingent liability … Investment dictionary
contingency — I (New American Roget s College Thesaurus) n. chance, possibility, likelihood, accident, casualty, prospect; situation, predicament, case. See circumstance, liability, expectation. II (Roget s IV) n. 1. [Possibility] Syn. likelihood, chance,… … English dictionary for students
contingent liability — a liability which will only arise upon the happening of a certain event, for example, the guarantor of a loan being asked to honour the guarantee if the borrower defaults. Glossary of Business Terms A debt or obligation that becomes a liability… … Financial and business terms
National Oil and Hazardous Substances Pollution Contingency Plan — The National Oil and Hazardous Substances Pollution Contingency Plan, more commonly called the National Contingency Plan or NCP, is the United States federal government s blueprint for responding to oil spills and hazardous substance releases. It … Wikipedia
