An event that gives rise to a present obligation, but which cannot be measured with sufficient reliability is an example of a:

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An event that gives rise to a present obligation, but which cannot be measured with sufficient reliability is an example of a contingent liability. This means that there is a potential liability that may or may not occur, depending on certain conditions or events. The amount of the liability is uncertain or cannot be measured with sufficient reliability, making it a contingent liability.

An Event That Gives Rise to a Present Obligation, but Which