Contingency
Filed Under: Business
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
Source:
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.