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A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability.If this was not reported on the balance sheet or in the notes to the financial statements,it could be considered a violation of generally accepted accounting principles.
Intimacy
A close, familiar, and usually affectionate or loving personal relationship with another person.
Competitive
Characterized by a desire to win or be more successful than others, often involving rivalry and a drive to excel or achieve superiority.
One-way Assistance
A type of help or support that flows from one party to another without expectation of reciprocation or exchange.
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