unexpected liability
[/ˌʌnɪkˈspɛktɪd laɪˈæbɪləti/]
nounpl: unexpected liabilities
passivo inesperado
1. A financial obligation or debt that arises suddenly and was not anticipated or budgeted for
The company discovered an unexpected liability when they learned about the pending lawsuit.
A empresa descobriu um passivo inesperado quando soube sobre a ação judicial pendente.
2. In accounting, an obligation not previously identified on financial statements that must be recorded
During the audit, an unexpected liability of $500,000 was uncovered.
Durante a auditoria, um passivo inesperado de $500.000 foi descoberto.
3. A legal or financial responsibility that emerges without prior warning
Environmental cleanup costs became an unexpected liability for the real estate developer.
Os custos de limpeza ambiental se tornaram um passivo inesperado para o incorporador imobiliário.
In both Brazilian and American business contexts, unexpected liabilities are significant concerns during mergers, acquisitions, and financial audits. Brazilian companies must report these according to IFRS standards, while American companies follow GAAP. The term is critical in due diligence processes and can substantially impact financial valuations and deal negotiations.
NYC Slang
surprise debt, curveball bill, hidden obligation
Related Idioms & Phrases
a liability comes out of the woodwork
uncover a hidden liability
discover an unexpected obligation
blindsided by a liability
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