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Contingent liabilities |
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Contingent liabilitiesLiabilities that may or may not be incurred by a company and which depend on the outcome of say a forthcoming event such as a court case. These are recorded in a company's accounts as contingent liabilities.Similar MatchesLong term liabilitiesLong term liabilitiesDebts of a company which are not due for repayment in the next accounting period. Pension liabilitiesPension liabilitiesFuture liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country. LiabilitiesLiabilitiesBasically, liabilities are debts that you have and the regular outgoing payments that you make.The reason you must show your bank statements is usually to help the underwriters identify anything in your current expenditure that may impinge upon your ability to repay the loan. They want to know about any other mortgages, debts, credit cards, HP agreements, loans, overdraft facilities, maintenance and court orders. You will normally have to show three to six months worth of bank statements to help demonstrate that the figures you provide them with are accurate. Permanent spontaneous current LiabilitiesPermanent spontaneous current LiabilitiesThe minimum level of spontaneous liabilities that is always maintained by a firm. LiabilitiesLiabilitiesThe debts of a person or company. See 'current liabilities', 'long term liabilities', 'contingent liabilities'. Further SuggestionsMonetary assets and liabilitiesNonmonetary assets and liabilities Current liabilities Spontaneous Current Liabilities Existing liabilities Other long term liabilities current liabilities Spontaneous Liabilities |
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