contingent
101contingent asset — A possible asset that arises from past events and whose existence will be confirmed only by the occurrence of one or more uncertain future events, which are not wholly in the control of the accounting entity. Under Financial Reporting Standard 12 …
102contingent 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… …
103contingent 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… …
104contingent 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… …
105contingent asset — A potential *asset whose existence and quantification are doubtful. Many systems of *Generally Accepted Accounting Principles require the *disclosure of *material contingent assets in financial statements, but do not allow the *recognition of… …
106Contingent beneficiary — A contingent beneficiary on a will or insurance contract is a person who receives the benefits only if predetermined conditions have been met. Until that time, the property interest is regarded as a contingent interest. In the context of an… …
107Contingent value rights — A Contingent Value Rights (CVR) is a type of option that can be issued by the buyer of a company to the sellers. It specifies an event, which, if triggered, lets the sellers acquire more shares in the target company. The New York Times claims[1]… …
108Contingent Beneficiary — 1. A beneficiary specified by an insurance contract holder who will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid. 2. A beneficiary who is only entitled to insurance proceeds if predetermined… …
109Contingent Value Rights - CVR — A type of right given to shareholders of an acquired company (or a company facing major restructuring) that ensures they receive additional benefit if a specified event occurs. A contingent value right is similar to an option because it often has …
110Contingent Voting Power — A provision granting voting rights to preferred shareholders when the company cannot uphold the obligations outlined in the preferred shareholder arrangement. Contingent voting powers offer the shareholders additional security for holding… …
