Contingent claims are
A)claims like commercial paper, which are issued by finance companies.
B)claims like checkable deposits, which are contingent upon a depositor asking for his or her money back.
C)claims defined by contract.
D)claims defined by regulators.

Question

Quizplus · Accepted Answer

Contingent claims are defined by contract, meaning that their existence and payout are dependent on certain events or conditions specified in the contract. This includes options and futures contracts, as well as insurance policies and other financial agreements.

Contingent Claims Are