liability system
1Liability 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… …
2Liability — A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation. The New York Times Financial Glossary * * * liability li‧a‧bil‧i‧ty [ˌlaɪəˈbɪlti] noun liabilities PLURALFORM …
3liability — 1) In the broad legal sense, responsibility or obligation. For example, a person is liable to pay his debts, under the law; 2) In accounting, any debt owed by an individual or organization. Current, or short term, liabilities are those to be paid …
4Liability Ledger — The central file that contains a comprehensive list of all of a bank s loans and borrower discounts. This ledger can be subordinate to a bank s general ledger accounting system that is stored on computer. The liability ledger is stored in the… …
5System safety — The system safety concept calls for a risk management strategy based on identification, analysis of hazards and application of remedial controls using a systems based approach.cite book|title= System Safety Engineering and… …
6postal system — System that allows persons to send letters, parcels, or packages to addressees in the same country or abroad. Postal systems are usually government run and paid for by a combination of user charges and government subsidies. There are early… …
7Online Copyright Infringement Liability Limitation Act — OCILLA redirects here. For the town in Georgia, United States, see Ocilla, Georgia. Online Copyright Infringement Liability Limitation Act Full title To amend title 17, United States Code, to implement the World Intellectual Property Organization …
8Oklahoma Teachers' Retirement System — is the pension program for public education employees in the State of Oklahoma. As of April 30, 2010, the program had nearly 169,000 members.[1] Public education teachers and administrators are required to be OTRS members; support staff can join… …
9Vicarious liability (criminal) — The legal principle of vicarious liability applies to hold one person liable for the actions of another when engaged in some form of joint or collective activity. For the civil law system, see vicarious liability. For liability attributed to a… …
10Double-entry bookkeeping system — A double entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts. The name derives from the fact… …
