Define: Contingent Liabilities

UK Accounting Glossary

Definition: Contingent Liabilities

Quick Summary of Contingent Liabilities

Obligations that are not recognised in the balance sheet because they depend upon some future event happening.


Synonyms For Contingent Liabilities

contingent liability, contingencies, possible commitments, possible liability, potential liabilities

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Contingent Liabilities. Payroll & Accounting Heaven Ltd. February 28, 2020
Chicago Manual of Style (CMS):
Contingent Liabilities. Payroll & Accounting Heaven Ltd. (accessed: February 28, 2020).
American Psychological Association (APA):
Contingent Liabilities. Retrieved February 28, 2020, from website:

Definition Sources

Definitions for Contingent Liabilities are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.