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contingent liability vs liabilities

liabilities vs contingent liability

contingent liability and liabilities both are nouns.

Word NounAdjectiveVerbAdverb
contingent liability Yes No No No
liabilities Yes No No No
As nouns, liabilities is a hypernym of contingent liability; that is, liabilities is a word with a broader meaning than contingent liability:
  • contingent liability: liabilities that may be incurred by an entity depending on the outcome of a uncertain future event such as a court case.
  • liabilities: anything that is owed to someone else
contingent liability (noun) liabilities (noun)
liabilities that may be incurred by an entity depending on the outcome of a uncertain future event such as a court case. anything that is owed to someone else
Difference between contingent liability and liabilities

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