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
Gramm-Leach-Bliley Act
tax reform
contingent liability
personal financial planning
Glass-Steagall Act
See All Related Terms »

indifference curve
consolidation adjustments
direct cost