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As the F.D.I.C's charter dictates: "The corporation shall value any contingent liability at its expected cost to the corporation".
The suit claims that the agreement requires Mr. Diller to vote all IAC shares subject to his control by proxy against any contingent matter that Liberty opposes.
It said: "On this occasion we asked specifically whether any contingent liabilities had been created in respect of assurances provided to Nissan and the Treasury declined to say".
It has suspended taking any contingent commissions, and revealed that these amounted to $845m last year, 7% of revenues but, more tellingly, one-third of its pre-tax profits.
The accounting rule governing contingent liabilities, adopted 27 years ago by the Financial Accounting Standards Board, states that "the nature and amount" of any contingent obligation should be disclosed "even though the possibility of loss may be remote".
The OBR's economic outlook report, released alongside the mini-budget, revealed that the fiscal watchdog "asked specifically whether any contingent liabilities had been created in respect of assurances provided to Nissan" and that the Treasury declined to say.
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He advised making any sale contingent on being able to convert the building to residential use.
It cited international trade treaties that categorized any "export contingent" tax break as an unfair and illegal export subsidy.
It will be too little too late, and in any case contingent on further so-called structural reforms, shorthand for wage cuts and the dilution of labour rights.
Most important, Washington must demand that Pakistan's government and army regain control of its nuclear program -- and make any aid contingent on that.
And Urrutia said that in the club's history, there had never been a presidential candidate who tried to run on a campaign that included a promise to alter Athletic's policy, nor any sizable contingent of officials or fans eager to even discuss changing it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com