Examlex
Super-seniority is a provision in the collective agreement providing that:
Contingencies
Conditional liabilities or assets that may arise due to future events, whose effects cannot be determined with certainty at the present time.
Balance Sheet
A financial statement that provides a snapshot of a company's financial condition at a specific time, showing assets, liabilities, and equity.
Lawsuit Loss
Financial damages that a company is required to pay as the result of legal judgment or settlement of a lawsuit.
Probable Loss
An estimated loss from a contingent liability that is likely to occur and can be reasonably estimated.
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