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Credit Risk
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Def
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101
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sapling.com
The Definition of Contingent Debt | Sapling
Contingent debt is an unusual kind of debt that is dependent on uncertain future developments. In legal terms, the word "contingent" means something that might or might not happen. A contingent debt is not a definitive liability because it is based on the outcome of an event, such as a court verdict.
Oct 9, 2016
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