liability (noun)
111contingent liability — /kənˌtɪndʒənt laɪəˈbɪləti/ (say kuhn.tinjuhnt luyuh biluhtee) noun an obligation, associated with a past transaction, which will occur in the future only if some particular event occurs …
112no-liability company — /ˌnoʊ laɪəˈbɪləti ˌkʌmpəni/ (say .noh luyuh biluhtee .kumpuhnee) noun an exploration company in which the acceptance or purchase of a partly paid share does not legally bind the holder to pay up the uncalled part of the capital. Abbrev.: NL …
113contractual liability — /kənˌtræktʃuəl ˌlaɪə bɪlɪti/ noun a legal responsibility for something as stated in a contract …
114employers’ liability insurance — /ɪmˌplɔɪəz ˌlaɪə bɪlɪti ɪnˌʃυərəns/ noun insurance to cover accidents which may happen at work, and for which the company may be responsible …
115unlimited liability — /ʌnˌlɪmɪtɪd laɪə bɪlɪti/ noun a situation where a sole trader or each partner is responsible for all a firm’s debts with no limit on the amount each may have to pay …
116contractual liability — /kənˌtræktʃuəl ˌlaɪə bɪlɪti/ noun a legal responsibility for something as stated in a contract …
117employers’ liability insurance — /ɪmˌplɔɪəz ˌlaɪə bɪlɪti ɪnˌʃυərəns/ noun insurance to cover accidents which may happen at work, and for which the company may be responsible …
118limited liability company — /ˌlɪmɪtɪd laɪə bɪlɪti ˌkʌmp(ə)ni/ noun same as limited company …
119unlimited liability — /ʌnˌlɪmɪtɪd ˌlaɪə bɪlɪti/ noun a situation where a sole trader or each partner is responsible for all a firm’s debts with no limit on the amount each may have to pay …
120limited liability company — ˌlimited ˈcompany [limited company] (also ˌlimited liaˈbility company) noun (in Britain) a company whose owners only have to pay a limited amount of its debts see also …