Filed Under: Business

1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).


An economic event (especially a negative one) that is in the process of occur­ring and so is not yet resolved. Examples: pending or threatened litigation; threat of expropriation of assets; guarantees of the indebtedness of others; possible liabilities arising from discounted bills of exchange or promissory notes.

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