A potential obligation that may be incurred depending on the outcome of a future event. A contingent liability is one where the outcome of an existing situation is uncertain, and this uncertainty will be resolved by a future event.A contingent liability is recorded in the books of accounts only if the contingency is probable and the amount of the liability can be estimated. Next Up. contingent liability is an amount that might have to be paid in the future, but there are still unresolved matters that make it only a possibility. Lawsuits and the threat of lawsuits are the ...
A small glass suitable for vodka, whiskey and other liquors. Many shot mixed drinks also call for shot glasses. Typical Size: 1.5 oz. Also known as a delmonico glass, this is a stemmed, wide opening glass, alike to a small version of a champagne flute.
In America, the standard shot size is 44 mL, or 1.5 fluid ounces (though that is only official in Utah; elsewhere in the US a shot can technically be any size, though 44 mL is the accepted size). Shot glasses are popular now, and they probably always will be.