liability — 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 … Law dictionary
Liability 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… … Wikipedia
claim provable in bankruptcy — Any claim or liability that is provable in a proceeding under the Bankruptcy and insolvency Act. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
liability — 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,… … Black's law dictionary
liability — 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,… … Black's law dictionary
Liability 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… … Wikipedia
claim — To demand as one s own or as one s right; to assert; to urge; to insist. A cause of action. Means by or through which claimant obtains possession or enjoyment of privilege or thing. Demand for money or property as of right, e.g. insurance claim.… … Black's law dictionary
claim — To demand as one s own or as one s right; to assert; to urge; to insist. A cause of action. Means by or through which claimant obtains possession or enjoyment of privilege or thing. Demand for money or property as of right, e.g. insurance claim.… … Black's law dictionary
liability limit — noun : the maximum amount which a liability insurance company agrees to pay as a result of a single accident or injury to a single person * * * the highest amount that a liability insurer will pay on a single claim … Useful english dictionary
liability limit — the highest amount that a liability insurer will pay on a single claim. * * * … Universalium
Product liability — is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. Product liability in the United StatesIn the United… … Wikipedia
