contingent loss


contingent loss
A loss that depends upon the outcome of some contingency. For example, if there is a substantial legal claim for damages against a company, there is a contingent loss (depending on the outcome of the claim).

Accounting dictionary. 2014.

Look at other dictionaries:

  • contingent loss — A loss that depends upon the outcome of some contingency. For example, if there is a substantial legal claim for damages against a company, there is a contingent loss (depending on the outcome of the claim). Compare contingent gain See also… …   Big dictionary of business and management

  • contingent gain — A gain that depends upon the outcome of some contingency. For example, if a company is making a substantial legal claim against another organization, the company has a contingent gain (depending upon the successful outcome of the claim). Compare …   Accounting dictionary

  • contingent liability — 1) A possible obligation that arises from past events, whose existence will be confirmed only by the occurrence of one or more uncertain future events not wholly within an entity s control. 2) A present obligation that arises from past events in… …   Accounting dictionary

  • contingent gain — A gain that depends upon the outcome of some contingency. For example, if a company is making a substantial legal claim against another organization, the company has a contingent gain (depending upon the successful outcome of the claim). Compare… …   Big dictionary of business and management

  • contingent liability — 1) A possible obligation that arises from past events, whose existence will be confirmed only by the occurrence of one or more uncertain future events not wholly within an entity s control. 2) A present obligation that arises from past events in… …   Big dictionary of business and management

  • Contingent valuation — is a survey based economic technique for the valuation of non market resources, such as environmental preservation or the impact of contamination. While these resources do give people utility, certain aspects of them do not have a market price as …   Wikipedia

  • Contingent commissions — is a term used in the American insurance industry for any kind of commission which is contingent upon some event occurring (instead of a commission paid on the sale itself). In the UK this form of payment is known as Overriders. Theoretically,… …   Wikipedia

  • Contingent liability — Contingent liabilities are liabilities that may or may not be incurred by an entity depending on the outcome of a future event such as a court case. These liabilities are recorded in a company s accounts and shown in the balance sheet when both… …   Wikipedia

  • Contingent Shares — Shares of company stock that are issued only if certain conditions are met. Contingent shares are similar to stock options, warrants and other convertible instruments in that there is a level of uncertainty associated with their issue. For… …   Investment dictionary

  • consequential loss insurance — noun an insurance policy indemnifying against contingent results of accident, especially the cost of the hire of a car to replace one under repair or the cost of alternative accommodation after a fire …   Australian English dictionary