An obligation that is not now fixed but will become fixed after the occurence of a future event such as pending litigation, guaranty, etc.
obligations
The word 'contingent' has several meanings: 1: uncertain because of uncontrollable circumstances; 2: a temporary military unit; 3: a gathering of persons representative of some larger group; 4:...
Active Subject---is a debtor,obliges Passive Subject---is a creditor,obligor Prestation-it is a juridical tie,object Effiency cause--
A potential liability that arises from a past transaction and is dependent on a future event.
lll