Contingent indebtedness
WebContingent claims in bankruptcy law are claims that normally have not occurred before filing the bankruptcy petition. These claims are contingent on certain circumstances and must … WebContingent Indebtedness means any assumption, guarantee, endorsement or otherwise becoming directly or contingently liable (including, without limitation, liable …
Contingent indebtedness
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WebGroup indebtedness (1) Subordinated liabilities (2) 18,150 : Debt securities in issue (3) 120,228 : Total indebtedness : 138,378 : Total capitalisation and indebtedness : … WebCONTINGENT VALUE RIGHTS AGREEMENT, dated as of , 2004, between ViroLogic, Inc., a Delaware corporation (hereinafter called the “Company”), and U.S. Bank National Association, as trustee (hereinafter called the “Trustee”). RECITALS OF THE COMPANY . WHEREAS, the Company has duly authorized the creation of an issue of contingent …
WebContingent Debt means a debt that is not presently fixed or determined but may become fixed or determined in the future with the occurrence of some certain event. Sample 1 … WebIndebtedness Schedule means the schedule to be prepared by the Vendor and delivered to the Purchaser on or before Completion setting out the amount of the Intercompany Indebtedness and shall include a breakdown of each amount comprising the Intercompany Indebtedness and in respect of each such amount, the relevant member of the Target …
WebIndebtedness means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent: Indebtedness includes any obligation (whether … WebMay 13, 2024 · A taxpayer makes an economic outlay sufficient to acquire basis in an S corporation’s indebtedness when the taxpayer incurs a ‘cost’ on a loan. The taxpayer bears the burden of establishing this basis. It does not suffice, however, for the shareholder to have made an economic outlay.
WebAn indirect guarantee of indebtedness requires that the guarantor make a payment to the debtor upon the occurrence of specified events under conditions whereby (1) once the funds are transferred from the guarantor to the debtor, the funds become legally available to creditors as a result of their claims against the debtor, and (2) those ...
WebContingent Obligation means, as to any Person, any direct or indirect liability, contingent or otherwise, of that Person with respect to any indebtedness, lease, dividend or other obligation of another Person if the primary purpose or intent of the Person incurring such liability, or the primary effect thereof, is to provide assurance to the … prof duncan bassettWebStudy with Quizlet and memorize flashcards containing terms like An entity receives an advance payment for special order goods that are to be manufactured and delivered within 6 months. The advance payment should be reported in the company's balance sheet as a a. Current liability. b. Contra asset account. c. Deferred charge. d. Noncurrent liability., On … prof dugasWebIn addition, if payment depends on the occurrence of a future event that is not determinable with reasonable accuracy, the obligation is disregarded until the event occurs (Regs. Sec. 1.752-2 (b) (4)). In LaRue , 90 T.C. 465 (1988), the all-events test of Sec. 461 was applied in determining whether a debt was contingent. prof duluthWebContingent Obligation means, as to any Person, any direct or indirect liability, contingent or otherwise, of that Person with respect to any indebtedness, lease, dividend or other obligation of another Person if the primary purpose or intent of the Person incurring such liability, or the primary effect thereof, is to provide assurance to the … religious themed license plate framesWebContingent debt is an unusual kind of debt that is dependent on uncertain future developments. In legal terms, the word "contingent" means something that might or might not happen. A contingent debt is … prof duncanWebWhen issuing subordinated indebtedness, the insurer must execute a written agreement with the creditor, providing the following: (1) the creditor may be paid only out of the portion of the insurer's surplus that exceeds the minimum surplus stated in the agreement; (2) the minimum surplus or floor shall exceed the greater of the following: (A) a … religious thank you imageWebExpert Answer. Answer will be option C - Bank inde …. Under IFRS, which of the following would most likely be classified as a current liability? (a) mortgage payable (b) bonds payable (c) bank indebtedness (d) contingent liability. prof duncan hand