What Is a Tax Contingency

Tax contingencies or cushion include probable tax liabilities related to tax positions that may ultimately be overturned by the tax authorities.

What does tax contingency mean?

Tax Contingency means that the Company shall determine in good faith that there is a reasonable likelihood that, or a material uncertainty as to whether, consummation of the Registered Exchange Offer would result in an adverse tax consequence to the Company.

What is contingent receipt?

1 when postpositive, often foll by: on or upon dependent on events, conditions, etc., not yet known; conditional.

Alexander Ross

Alexander Ross

Gaming, Esports & Interactive Media Writer

Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.

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