أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
A contingent liability is a potential obligation that may be incurred depending on the outcome of a future event. A contingent liability is one where the outcome of an existing situation is uncertain, and this uncertainty will be resolved by a future event.
Liability accrues on happening of an certain event is called Contingent Liability. Thanks.
