Implicit Contingent Liability (or Implicit Indirect Liability) is a type of the fiscal liability that reflects non-contractual obligations or risks inherent to a concession program which are not specifically stipulated in the concession contracts, but have been shown to sometimes turn into liabilities of the government by international experience. (e.g., potential liabilities arising in connection with financial sector restructuring, or early termination risk) (Refer to the Fiscal Liability)
Related Definitions in the Project: The Project Contract
