Definitions of contingent claim
a claim that may be made if a specific thing first happens
In the normal course of events outside of bankruptcy, liability on an unliquidated or contingent claim is settled with the passage of time.
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contingent claim means:
Substantiv
partial
noun
a claim that may be made if a specific thing first happens
In the normal course of events outside of bankruptcy, liability on an unliquidated or contingent claim is settled with the passage of time.