liability (noun)
81general liability — UK US noun [C or U] ► LAW, INSURANCE legal responsibility for injury, property damage, or financial loss caused to others: »You want coverage for major theft, fire, general liability (should a customer get hurt) and other perils. general… …
82joint liability — UK US noun [U] ► LAW a situation where more than one person or organization share responsibility for paying a debt or for paying for damage that has been caused, etc.: »As the partners have agreed to joint liability, if the partnership becomes… …
83property and liability insurance — ➔ insurance * * * property and liability insurance UK US noun [U] INSURANCE ► CASUALTY INSURANCE(Cf. ↑casualty insurance) …
84contingency liability — UK US noun [C] (plural contingency liabilities) ACCOUNTING ► CONTINGENT LIABILITY(Cf. ↑contingent liability) …
85fixed liability — UK US noun [C] (plural fixed liabilities) ► ACCOUNTING, FINANCE LONG TERM LIABILITY(Cf. ↑long term liability) …
86non-current liability — UK US noun [usually plural] ► FINANCE, ACCOUNTING a debt or other payment that does not have to be paid within 12 months → Compare CURRENT LIABILITY(Cf. ↑current liability) …
87public liability — UK US noun [U] INSURANCE, LAW ► a situation in which a member of the public is hurt or damage is caused to their property by a company s actions or products: »If you were sued, your house insurance should cover you for public liability. »public… …
88public liability insurance — UK US noun [U] INSURANCE ► insurance that a business must have so that if it is responsible for hurting someone or causing damage to their property, it can pay them compensation : »The subcontractor must produce evidence that he possesses both… …
89short-term liability — UK US noun [C, usually plural] FINANCE, ACCOUNTING ► a debt that has to be paid back in less than a year: »A large volume of liquid assets allows a bank to meet its short term liabilities. → Compare LONG TERM LIABILITY(Cf. ↑long term liability) …
90capital liability — UK US noun [C] ► ACCOUNTING, PROPERTY a loan that is used to buy land, buildings, equipment, etc., or to pay for a particular project: »A payment made by a person to discharge a capital liability is a capital expenditure …
