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CONTINGENT ASSETS

Statistics Directorate    
French Equivalent: Actifs éventuels ou conditionnels

Definition:
Contingent assets arise from contractual financial arrangements between institutional units which do not give rise to unconditional requirements either to make payments or to provide other objects of value; often the arrangements themselves do not have transferable economic value so they are not actual current financial assets and so they should not be recorded in the System of National Accounts (SNA); the principal characteristic of contingencies is that one or more conditions must be fulfilled before a financial transaction takes place.

Source Publication:
SNA 11.25.

Statistical Theme: National accounts

Created on Monday, November 05, 2001

Last updated on Tuesday, April 16, 2013