From ACT Wiki
1. Financial reporting - business planning.
Broadly, any uncertain future event.
2. Financial reporting - IAS 37.
For financial reporting purposes, IAS 37 defines a contingent liability by reference to the occurrence - or non-occurrence - of uncertain events not wholly within the control of the entity.
IAS 37 defines a contingent asset in a similar way.
3. Business planning.
An uncertain future event.
Usually - but not always - one that is expected to have a negative impact if it were to occur.
4. Financial management.
An amount of money set aside to deal with the potential negative impact of an uncertain future event.
- Business contingency management
- Business continuity plan
- Contingency plan
- Contingent assets
- Contingent capital
- Contingent convertible capital
- Contingent covenant
- Contingent item
- Contingent liabilities
- Contingent risk
- Contingent Term Repo Facility (CTRF)
- Deal contingent forward
- Financial reporting
- IAS 37