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What is Contingent Asset?
A possible asset that depends on a future event - usually only disclosed.
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Simple Definition
A contingent asset is a possible asset from past events whose existence will be confirmed only by uncertain future events not wholly within the entity's control.
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Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
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