Terms Used In 7 Guam Code Ann. § 50352

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
In all cases of contingent debts and contingent liabilities, contracted by the debtor and not herein otherwise provided for, the creditor may make claim therefor and have his claim allowed, with right to share in the dividends, if the contingency shall happen before order of the final dividend, or he may, at any time, apply to the court to have the present value of the debt or liability ascertained and liquidated, which shall be done in such manner as the court shall order, and it shall be allowed for the amount so ascertained.
SOURCE: CCP § 1352.