Contingent Liabilities

Contingent Liabilities (Issuer) – Obligations of the Borrower/Issuer which do not show as direct liabilities of the Borrower/Issuer on its balance sheet.  A Borrower/Issuer guarantee to customers or to other parties are examples of contingent liabilities which could negatively impact the financial condition of the Borrower/Issuer and it ability to service its debt.