contingent liability
C1CEFR level
60/100Rarity: rare
TechnicalRegister
A potential obligation that will crystallize only if some future event occurs.
The pending lawsuit is disclosed as a contingent liability rather than booked, since the outcome is still uncertain.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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