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.



What is the dictionary definition of Contingent Liabilities?

Dictionary Definition



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Full Definition of Contingent Liabilities



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Contingent Liabilities FAQ's



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
https://payrollheaven.com/define/contingent-liabilities/
Modern Language Association (MLA):
Contingent Liabilities. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2019 https://payrollheaven.com/define/contingent-liabilities/.
Chicago Manual of Style (CMS):
Contingent Liabilities. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/contingent-liabilities/ (accessed: September 20, 2019).
American Psychological Association (APA):
Contingent Liabilities. PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/contingent-liabilities/

Definition Sources


Definitions for Contingent Liabilities are sourced/syndicated from:


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