Obligations of the Borrower/Issuer which do not show as direct liabilities of the Borrower/Issuer on its balance sheet. They are often identified in the Notes section of an Issuer’s financial statement . Borrower/Issuer guarantees to lessors of for other indebtedness are examples of contingent liabilities which could negatively affect the financial condition of the Borrower/Issuer and it ability to service new debt. Relates to Issuers.

« Back to Glossary Index