1 If you are writing a report about a specific person, company, or place, try to find their own website. 2  For instance, if you are writing a report on Jane Goodall, a great source would be using the Jane Goodall Institute website. If you are writing a report about a specific person, company, or place, try to find their own website. 2  For instance, if you are writing a report on Jane Goodall, a great source would be using the Jane Goodall Institute website.
Contingent Liability. A liability that a company may have to pay, but only if a certain future event occurs. Usually, a contingent liability refers to the outcome of a lawsuit: that is, the company may have to pay a significant amount of money if it loses the lawsuit.ontingent liability. An obligation that may result, but is not likely to result because the event causing the obligation is improbable.
Definition of contingent pay contingent paycompensation that is dependent on the achievement of some performance objective Related Terms: Accounts payableMoney owed to suppliers.ontingent LiabilityAn obligation that is dependent on the occurrence or nonoccurrence of one or more future events to confirm the existence of an obligation, the amount owed, the payee, or the date payable.