Examlex
In Categorical Proposition 1H, the quantity is:
Contingent Liability
A potential financial obligation that may arise in the future, depending on the outcome of a specific event, such as lawsuits or warranty claims.
Product Warranty Expense
The cost associated with the obligation of a company to repair or replace defective products during the warranty period.
Warranty Payments
Expenses incurred by a company to repair, replace, or compensate for defective goods during a warranty period.
Defined Benefits Plan
A type of employer-sponsored retirement plan where employee benefits are calculated using a formula that considers factors such as salary history and duration of employment.
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