A contingent liability is a potential cost a company may or may not incur in the future. A contingent liability could be a guarantee on a debt to another entity, a lawsuit, a government probe, or even ...

When the FASB statement on business combinations was revised (modifying Statement no. 141 into Statement no. 141(R), now codified as FASB Accounting Standards Codification (ASC) Topic 805, Business ...

Successful implementation of macroprudential policy is contingent on the ability to identify and estimate systemic risk in real time. In this paper, systemic risk is defined as the conditional ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. And so it began — the Lloyds statement detailing the bank’s plans to raise contingent capital is out. This is a ...

Probability is the theory that allows us to make an inference from a sample to a population. It provides the mathematical and theoretical basis for quantifying uncertainty. Probability is also used ...