liability d w , for
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liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds … Law dictionary
liability for animals — the special area of law dealing with civil liability of people for the behaviour of animals. In England, prior to the Animals Act 1971, the owner was liable for an animal of a dangerous species – ferae naturae – or for one that was not of such a… … Law dictionary
Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… … Wikipedia
LIABILITY — (Torts). Every person of full mental capacity, male or female (BK 15a), when causing injury to another person, is liable to the injured party for any damage which his negligent conduct causes the latter to suffer (see torts ), even a husband to… … Encyclopedia of Judaism
liability insurance — n: insurance against loss resulting from civil liability for injury or damage to the persons or property of others see also comprehensive general liability insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Liability — Li a*bil i*ty (l[imac] [.a]*b[i^]l [i^]*t[y^]), n.; pl. {Liabilities} ( t[i^]z). [1913 Webster] 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law. [1913 Webster] 2. That which one is under … The Collaborative International Dictionary of English
liability insurance coverage — Insurance that provides compensation to third parties who are injured or whose property is damaged due to the fault of the insurance holder. You may have liability insurance for your car or your home, or to cover actions you take in the course of … Law dictionary
liability — Any legal obligation for which a person is responsible. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
liability — 1790, originally a term in law; condition of being legally liable; see LIABLE (Cf. liable) + ITY (Cf. ity). General sense is from 1809; meaning thing for which one is liable is first attested 1842. Related: Liabilities … Etymology dictionary
Liability — Liability is usually, a legal obligation to pay a definite or reasonably certain amount at a definite or reasonably certain time in return for a current benefit. Some of the criteria are not met by items classified as liabilities where there… … International financial encyclopaedia
liability — ► NOUN (pl. liabilities) 1) the state of being liable. 2) a thing for which someone is liable, especially a financial obligation. 3) a person or thing likely to cause one embarrassment or put one at a disadvantage … English terms dictionary
