contingent liability
noun
A potential financial liability; (Accounting ) a future financial liability which may only arise in specific circumstances or is difficult to quantify, but must be accounted for.
Origin
Late 18th century.
- control loop
- control officer
- control pad
- control panel
- control point
- control register
- control rod
- control room
- control sequence
- control stick
- control surface
- control theory
- control tower
- control zone
- contronym
- controverse
- controversed
- controversial
- controversialism
- controversialist
- controversiality
- controversially
- controversialness
- controversible
- controversion