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Onerous Contract

A contract/ aqd (on an entity- e.g., an Islamic bank) in which the unavoidable costs of meeting the obligations under...

Onerous Contract

A contract whose costs outweigh its potential benefits. More specifically, the unavoidable costs of meeting the obligations under this contract...

Onerous Contract

An insurance contract is deemed to be onerous (loss-laden or loss-making) at initial recognition when the net cash flows associated...