Updated on March 16, 2024
limited | The LLC structure provides its owners with limited liability |
strict | The defendant was held liable under the theory of strict liability |
personal | The business owner has personal liability for the debts of the business. |
legal | She warned them if he died they would have legal liability for failing to treat his injuries. |
criminal | The company's criminal liability was determined by the court. |
civil | The company is facing civil liability for the damage caused by their negligence. |
unlimited | The partners in this business have unlimited liability for the debts of the company. |
potential | The company has a potential liability of $100 million. |
vicarious | |
contingent | The contingent liability was disclosed in the financial statements. |
joint | The shareholders had joint liability for the company's debts. |
financial | The company's financial liability was significantly reduced by the recent acquisition. |
total | Total liability is the sum of all liabilities on the balance sheet. |
current | The company's current liability is $10 million. |
individual | Each partner carries individual liability for the company's debts and obligations. |
contractual | The contractual liability provision outlines the financial consequences of a party failing to meet their obligations as agreed upon in the contract. |
greater | Greater liability imposed a heavy burden on the organization's decision-making process. |
corporate | The judge addressed the corporate liability of the defendant's actions. |
absolute | The trucking company was held to absolute liability for the damages caused by the accident. |
further | The company will not be liable for any further liability arising from the breach of contract. |
professional | Professional liability insurance protects businesses from financial losses due to errors or omissions in their services. |
statutory | The company faced statutory liability for its negligence in handling hazardous materials. |
additional | The policy included an additional liability clause. |
possible | In such cases, the company faces possible liability for negligent supervision. |
deferred | The deferred liability represents the financial obligation of the company that will be payable in the future. |
less | The buyer had less liability due to the warranty's terms. |
double | The shareholders of the bank are subject to double liability |
future | The balance sheet reflects the future liability of the company. |
federal | The defendant's federal liability for damages is not limited to the specific relief requested in the complaint. |
environmental |
non | We recommend you read the non liability section of the contract. |
serious | The company was found to be in serious liability for the accident. |
unfunded | The unfunded liability of the pension plan is a major concern for the company's long-term financial health. |
net | The company's net liability was $10 million. |
municipal | The board of education failed to provide adequate security, resulting in municipal liability for the student's injuries. |
maximum | The insurance policy had a maximum liability of one million dollars. |
term | This term liability was established by the FASB. |
asset | |
greatest | |
tortious | The company was found liable for tortious liability in the lawsuit. |
secondary | |
genetic | Her genetic liability for developing the disease is relatively low. |
ultimate | The ultimate liability for any damages caused by the software rests with the user. |
collective | The collective liability of the partners in a partnership means that each partner is responsible for the debts of the partnership. |
antitrust | The company faces antitrust liability for its anti-competitive practices. |
consequent | The negligent company was found to have consequent liability for the accident. |
minimum | I will accept minimum liability for the damages. |
corresponding | The company has a corresponding liability of $1 million. |
outstanding | The company has an outstanding liability of $10 million. |
party | The insurance company will not be liable for any party liability |
governmental | The fire department's negligence in responding to the call resulted in governmental liability |
penal | The company was found to be in penal liability for the environmental damage caused. |
definite | This product has been identified as a definite liability and shouldn't be used. |
electoral | Unfavorable press coverage can be an electoral liability for the candidate. |
pecuniary | The contract does not exclude pecuniary liability for personal injury or death. |
excess | The company's excess liability insurance provides coverage for claims that exceed the limits of the primary policy. |
peculiar | The peculiar liability was not mentioned in the contract and was later added as an amendment. |
tax | The company has a significant tax liability in the United States. |
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