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The programs create contingent liabilities that show up in the budget as expenditures after a default or other loss occurs.

What further contingent liabilities are being assumed elsewhere in the group?

It says that one major cause of the rise in public debt has been a country's "contingent liabilities."

Consumer finance companies may also require far less contingent liabilities than banks.

Government debt and contingent liabilities are running at 91.2 per cent of gross national product.

Those principles require that all contingent liabilities be included in the audit.

The assumption of other contingent liabilities and administrative costs brought the total package to $970 million, a company spokesman said.

The disputed arrangement, known as a contingent liability, could be used to offset gains for current, future and past tax years.

In Washington, however, some worry that this new guarantee will only create another contingent liability on the Federal budget.

These contingent liabilities have not been reflected on the fund's current balance sheet.