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1liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds …
2liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …
3liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …
4Liability 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… …
5Liability Convention — The Convention on International Liability for Damage Caused by Space Objects, also known as the Space Liability Convention, is a treaty that expands on the liability rules created in the Outer Space Treaty of 1967. Because relatively few… …
6Liability for Defective Products Act 1991 — The Liability for Defective Products Act 1991 is an Act of the Oireachtas that augmented Irish law on product liability formerly based solely on negligence. It introduced a strict liability regime for defective products, implementing Council of… …
7Liability — Li a*bil i*ty (l[imac] [.a]*b[i^]l [i^]*t[y^]), n.; pl. {Liabilities} ( t[i^]z). [1913 Webster] 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law. [1913 Webster] 2. That which one is under …
8Liability insurance crisis — The liability insurance crisis in the United States of America refers to a volatile economic period during the mid 1980s. During these years, until about 1990, rising insurance premiums and an unavailability of coverage for several types of… …
9Liability-driven investment strategy — The liability driven investment strategy (LDI) is an investment strategy of a company based on its risk tolerance, the company s ethics and the target return. The target return is usually linked to an index or combination of indices of the sector …
10Liability 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… …
