Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
contingent liability | Yes | No | No | No |
liabilities | Yes | No | No | No |
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 |