liability (noun)
101fixed liability — /fɪkst laɪəˈbɪləti/ (say fikst luyuh biluhtee) noun a long term liability, as a mortgage, debenture …
102limited liability — /lɪmətəd laɪəˈbɪləti/ (say limuhtuhd luyuh biluhtee) noun the liability, either by law or contract, only to a limited amount for debts of a trading company or limited partnership …
103contingent liability — /kənˌtɪndʒənt laɪə bɪlɪti/ noun a liability which may or may not occur, but for which provision is made in a company’s accounts, as opposed to ‘provisions’, where money is set aside for an anticipated expenditure …
104limited liability — /ˌlɪmɪtɪd laɪə bɪlɪti/ noun a situation where someone’s liability for debt is limited by law …
105product liability — /ˌprɒdʌkt laɪə bɪlɪti/ noun the liability of the maker of a product for negligence in the design or production of the product …
106contingent liability — /kənˌtɪndʒənt laɪə bɪlɪti/ noun a liability which may or may not occur, but for which provision is made in a company’s accounts, as opposed to ‘provisions’, where money is set aside for an anticipated expenditure …
107limited liability — /ˌlɪmɪtɪd laɪə bɪlɪti/ noun a situation where someone’s liability for debt is limited by law …
108limited liability — limited lia bility noun uncount LEGAL the legal position of having to pay only a limited amount of the DEBTS of a company you have invested in …
109limited liability — UK / US noun [uncountable] business the legal position of having to pay only a limited amount of the debts of a company that you have invested in …
110product liability — UK / US noun [uncountable] business the duty of a company that makes or sells a product to pay if their product causes damage or injury …