contingent liability

www.MyPE.co.za: If you have ever wondered what contingent liability is and whether you can be held liable for it, this article was drafted with you in mind, writes financial planner Pieter Willem Moolman. A contingent liability - a vital part of business assurance - is a potential liability that arises from a past transaction and is dependent on one or more uncertain future events, such as death. Examples of contingent liabilities are endless and could include financial disputes or being … [Read more...] about Pieter Willem Moolman: Business Debt not Personal