contingent liability (obligation)
21Joint Liability — An obligation, including an obligation to repay a debt between two or more parties. A joint liability allows parties to share the risks associated with taking on additional debt, and to protect themselves in the event of legal litigation and… …
22debt — I (New American Roget s College Thesaurus) State of owing money Nouns 1. debt, indebtedness, obligation, liability, debit, score; charge, charge account; arrears, deferred payment, accounts receivable; deficit, default; insolvency, nonpayment,… …
23Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… …
24Burnet v. Logan — Infobox SCOTUS case Litigants = Burnet v. Logan ArgueDate = April 29 ArgueYear = 1931 DecideDate = May 18 DecideYear = 1931 FullName = Burnet, Commisioner of Internal Revenue, v. Logan USVol = 283 USPage = 404 Citation = 51 S.Ct. 550, 75 L.Ed.… …
25Front Fee — The option premium paid by an investor upon the initial purchase of a compound option. A compound option is one where the underlying asset is also an option (i.e. an option on an option). The front fee gives the investor the right but not the… …
26OBLIGATIONS, LAW OF — This law is concerned with the rights of one person as against those of another (jus in personam), as distinguished from the law of property, which is concerned with a person s rights in a chattel or other property as against the world at large… …
27South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… …
28International Financial Reporting Standards — (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). IAS were issued between… …
29SURETYSHIP — (Heb. עַרְבוּת), one person s undertaking to fulfill the obligation of another toward a third person (called the arev, ḥayyav, and nosheh, respectively). In Jewish law fulfillment of an obligation is secured primarily through the assets of the… …
30Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …
