Microsoft ODBC Driver 11 for SQL Server on Linux Before you can use the driver, install the unixODBC driver manager. See Installing the Driver Manager for more information.
Definition of contingent pay contingent paycompensation that is dependent on the achievement of some performance objective Related Terms: Accounts payableMoney owed to suppliers.ontingent LiabilityAn obligation that is dependent on the occurrence or nonoccurrence of one or more future events to confirm the existence of an obligation, the amount owed, the payee, or the date payable.
Contingent Liability. Definition: A contingent liability is either a possible obligation arising from past events and depending on future events not under an entity's control, or a present obligation not recognized because either the entity cannot measure the obligation or settlement is not probable.nstead, only disclose the existence of the contingent liability, unless the possibility of payment is remote. There are three possible scenarios for contingent liabilities, all of which involve different accounting transactions. They are: 1  Recordation.