-
English
-
Russian
-
English
-
Russian
Contingent liability
Translation contingent liability into russian
contingent liability
The company has a contingent liability that could affect its financial statements.
У компании есть условное обязательство, которое может повлиять на ее финансовую отчетность.
Definitions
A contingent liability is a potential financial obligation that may arise depending on the outcome of a future event, such as a lawsuit or warranty claim. It is not recorded on the balance sheet but is disclosed in the notes to the financial statements if the likelihood of the liability occurring is probable and the amount can be reasonably estimated.