reserve/provision for guarantee
I think this is a bit more specific than the suggestion that said it was a reserve for a specific liability.this isnnot wrong, but perhaps does not go far enough. It is indeed a reserve/provision for a liability, but not a normal liability such as trade creditors, or for short/medium/long term debt, but for a guarantee that the company has given. This might be in the way of product guarantees, but more likely a guarantee to another company, perhaps on behalf of a subsidiary.
I hope this helps. The context will decide.
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