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liabilities vs contingent liability

contingent liability vs liabilities

liabilities and contingent liability both are nouns.

Word NounAdjectiveVerbAdverb
liabilities Yes No No No
contingent liability Yes No No No
As nouns, contingent liability is a hyponym of liabilities; that is, contingent liability is a word with a more specific, narrower meaning than liabilities:
  • liabilities: anything that is owed to someone else
  • contingent liability: liabilities that may be incurred by an entity depending on the outcome of a uncertain future event such as a court case.
Other hyponyms of liabilities include tax liability, payables, deficit, debt, charge, accounts payable, short-term liability.
liabilities (noun) contingent liability (noun)
anything that is owed to someone else liabilities that may be incurred by an entity depending on the outcome of a uncertain future event such as a court case.
Difference between liabilities and contingent liability

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