plural noun

money put aside in accounts for anticipated expenditure where the timing or amount of expenditure is uncertain. If the expenditure is not certain to occur at all, then the money set aside is called a 'contingent liability'.

Browse by Subjects
International Swaps and Derivatives Association (ISDA)
contingent liability
Gramm-Leach-Bliley Act
personal financial planning
See All Related Terms »

plant and machinery
dollar stocks
political economy
time and motion study