Examlex
A ________ is a place within a market segment that represents a narrower group of customers with similar interests.
Contingent Liability
A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the company's control.
Possible Obligation
A potential future outflow of resources embodying economic benefits, arising from past events, whose existence will be confirmed only by uncertain future events.
Uncertain Future Event
A potential occurrence or situation whose outcome cannot be predicted with certainty, often impacting planning and decision-making.
Economicbenefits
The potential to bring about advantages in terms of increased cash flows or reduced cash outflows, contributing to the value of an entity.
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