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Question:  What is Contingent Liabilities?



August 08, 2006 07:01:41 #4
 satya   Member Since: Visitor    Total Comments: N/A 
RE: What is Contingent Liabilities?
 
Contingent Liability is a liability wherein the outcome is unknown. For example the Guarantees extended are Contingent Liabilitys.
     

 

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