An existing condition, situation, or set of circumstances involving uncertainty as to possible outcome (such as Guarantees and/or Carve-Outs) to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur.
Global Definitions Database
Contingent liabilities
Source: NCREIF PREA Reporting Standards | Date: 29 April 2020 | ID: D0225 | Version: 3