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Within a classroom, it is expected that teachers stand at the front of the room and lecture while students sit at desks, pay attention, take notes and raise their hands to ask questions.However, on the first day of class, Professor Sithole tells her students that they are free to ask questions at any point without raising their hands.Symbolic interactionists would call this
Contingent Liability
A potential financial obligation that may occur or become payable in the future, depending on the outcome of a specific event.
Reasonably Possible
A term used in accounting and law to describe a situation or outcome that, while not certain, is more than a remote possibility.
Estimable
Capable of being estimated or appraised, often used in finance and accounting to describe assets or liabilities that can be accurately assessed.
Installment Note
A debt instrument that requires regular payments, or installments, of principal and interest over a specified period.
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