MLchartDataset catalogue

Contingent liability

Term · Insurance and risk management · MLC-T-INS-000932

A potential financial obligation that may arise depending on the outcome of a future event. This liability is uncertain and depends on the occurrence or non-occurrence of one or more future events. Examples include potential lawsuits, product warranties, or guarantees on the debt of another entity.

Table 1. Record
IdentifierMLC-T-INS-000932
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-000932",
  "term": "Contingent liability",
  "field": "Insurance and risk management",
  "definition": "A potential financial obligation that may arise depending on the outcome of a future event. This liability is uncertain and depends on the occurrence or non-occurrence of one or more future events. Examples include potential lawsuits, product warranties, or guarantees on the debt of another entity.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/contingent-liability/"
}

Record 732 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.