ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CONTINGENT Definition
CONTINGENT is a result that is determined by conditions or circumstances not yet established.
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IRS is Internal Revenue Service; also see INTEREST RATE SWAP.
ACCOMODATION ENDORSEMENT is a) the guarantee given by one legal entity to induce a lender to grant a loan to another legal entity. b) a banking practice where one bank endorses the acceptances of another bank, for a fee, qualifying them for purchase in the acceptance market.
