<source id="3oodw" ><sup id="3oodw" ></sup></source>

      1. <s id="3oodw" ><th id="3oodw" ><small id="3oodw" ></small></th></s>
        <i id="3oodw" ><optgroup id="3oodw" ></optgroup></i>

            <input id="3oodw" ><bdo id="3oodw" ><cite id="3oodw" ></cite></bdo></input>
            <delect id="3oodw" ><ruby id="3oodw" ></ruby></delect>

            <em id="3oodw" ><progress id="3oodw" ></progress></em><input id="3oodw" ></input>
            <strike id="3oodw" ></strike>

            liability

            Definitions (3)
            Related Terms
            1. Finance: A claim against the assets, or legal obligations of a person or organization, arising out of past or current transactions or actions. Liabilities require mandatory transfer of assets, or provision of services, at specified dates or in determinable future.
            2. Accounting: Accounts and wages payable, accrued rent and taxes, trade debt, and short and long-term loans. Owners' equity is also termed a liability because it is an obligation of the company to its owners. Liabilities are entered on the right-hand of the page in a double-entry bookkeeping system.
            3. Law: (1) Responsibility for the consequences of one's acts or omissions, enforceable by civil remedy (damages) or criminal punishment.
            (2) An obligation to do or refrain from doing something.

            Use 'liability' in a Sentence

            Winners of the contest have a liability to report and pay any taxes associated with the cash and material prizes awarded from the company.
            18 people found this helpful
            The liability was too much for us to pursue that business plan because we did not want to expose our self to that much risk.
            17 people found this helpful
            Florida financial and responsibility liability laws state that you as a 体彩官方app是真的吗 owner have liability rights regarding the liability of contracted workers getting injured while working at your 体彩官方app是真的吗.
            16 people found this helpful