Glossary of the 1993 SNA - Definition of Term |
| Term | Contingent assets | | 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 SNA; the principal characteristic of contingencies is that one or more conditions must be fulfilled before a financial transaction takes place. | | Paragraphs | 11.25. |
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