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.



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Synonyms For Contingent Liabilities


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


Cite Term


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https://payrollheaven.com/define/contingent-liabilities/
Modern Language Association (MLA):
Contingent Liabilities. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 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: February 28, 2020).
American Psychological Association (APA):
Contingent Liabilities. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/contingent-liabilities/

Definition Sources


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

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

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