Contingent Claim: Canada Debt .ca defines Contingent Claim

Bankruptcy Term Contingent Claim

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Canada Debt has the definition to the bankruptcy and debt term Contingent Claim. Finding answers to terms such as Contingent Claim can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Contingent Claim in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Contingent Claim' is used as follows:

A provable claim in bankruptcy that may or may not become a debt depending upon the result of some future event.