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Contingent Asset |
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Contingent Asset An asset that a company may have or receive but only if a certain future event occurs. Usually, a contingent asset refers to the outcome of a lawsuit: that is, the company may be awarded a significant amount of money if it wins the lawsuit. Contingent assets are not ordinarily recorded on a balance sheet because of the uncertainty surrounding them. Their existence may or may not affect the company's share price. See also: Contingent Liability. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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