A contingent liability is a potential cost a company may or may not incur in the future. A contingent liability could be a guarantee on a debt to another entity, a lawsuit, a government probe, or even ...

A CORPORATION THAT IS SOLD OR RESTRUCTURED faces significant uncertainty about how the government will tax contingent liabilities such as environmental, tort and similar obligations. This is ...

Loss contingency refers to possible but uncertain losses facing your small business. If someone sues you, you can incorporate the potential damages if you lose as a loss contingency on your financial ...

British billionaire Richard Branson's Virgin Group aims to raise 700 million pounds ($900 million) to fund its bid to launch cross-channel rail services to compete with Eurostar, the Financial Times ...

The Seventh Circuit Court of Appeals recently upheld a Tax Court ruling (see “ Acquiring Contingent Liabilities, ” JofA , June04, page 73) that a corporation must capitalize its payment of an assumed ...

Earnout provisions are a powerful tool for getting deals done. These contingency payments are given to a seller if certain agreed-upon performance targets are hit, such as a contract renewal or an ...