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liability British & World English

The state of being legally responsible for something

liability English Thesaurus

journalists cannot avoid liability for defamation merely by avoiding the naming of names

liabilities in liability British & World English

A thing for which someone is responsible, especially an amount of money owed

limited liability British & World English

The condition by which shareholders are legally responsible for the debts of a company only to the extent of the nominal value of their shares

product liability British & World English

The legal liability a manufacturer or trader incurs for producing or selling a faulty product

strict liability British & World English

Liability which does not depend on actual negligence or intent to harm

current liabilities British & World English

Amounts due to be paid to creditors within twelve months

limited company British & World English

A private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested

limited liability company in limited company British & World English

A private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested


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