CONTINGENT Definition

CONTINGENT is a result that is determined by conditions or circumstances not yet established.

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TOTAL CURRENT ASSETS is total of cash & equivalents, trade receivables, inventory and all other current assets.

BONDING is generally used by service companies as a guarantee to their clients that they have the necessary ability and financial tracking to meet their obligations. Bonds are also used to guarantee payment of duty for U.S. Customs entry.

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