Contingent asset And Contingent Liability

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July 23, 2019 at 5:19 pm #524740
vpt5935
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What are the other words may be used in exam questions instead of the following words;

1) Virtually Certain

2) Probable

3) Mere Probable

4) Remote
July 23, 2019 at 6:10 pm #524745
Kim Smith
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Perhaps you mean “Possible” rather than “mere probable” (I don’t know what you mean by this). Where contingency is concerned – “probable” means >50% likelihood.
I would take “highly likely” to be closer to virtually certain than probable.
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