liability


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Related to liability: capital, revenue, Assets and Liabilities, Total Liabilities
  • noun

Synonyms for liability

Synonyms for liability

a condition of owing something to another

the condition of being laid open to something undesirable or injurious

something, such as money, owed by one person to another

Synonyms for liability

the state of being legally obliged and responsible

the quality of being something that holds you back

References in periodicals archive ?
In Parmalat, the court viewed control person liability as analogous to "agency" and concluded that Grant Thornton International controlled Grant Thornton Italy and that Deloitte International controlled Deloitte Italy.
FAS 157 provides this new definition of fair value: "Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
In general, a partner is allocated a share of a partnership liability under Sec.
In the following example, fixed-site environmental liability insurance enabled an owner to sell a contaminated property at fair market value.
1) The liability for each type of year-end compensation (to which the employment taxes relate) is fixed and its amount can be determined with reasonable accuracy (satisfying the all events test).
Fiduciary liability insurance is available as a stand alone policy, or as part of a management liability package, which typically includes directors and officers liability, employment practices liability, and fiduciary liability.
For instance, outsourcing jobs can lead to an employment practices liability lawsuit alleging discrimination and/or wrongful termination, and an expansion of products or services can increase a company's risk of an errors and omissions lawsuit.
The experience of walking away from collateral to avoid CERCLA liability is likely to cause lenders to become increasingly cautious about loans to many businesses or areas, even if no actual liability has been incurred under CERCLA.
In 1987, two states, New Jersey and Ohio, passed liability reform laws that, through the deft pens of legislative wordsmiths, give tobacco manufacturers immunity without mentioning the word "tobacco.
General liability insurance policies have limits stated for each occurrence and general aggregate.
With the AMT, a credit is provided for the amount of liability that exceeds a taxpayer's regular tax.
Specifically, the Senate version of the IRS Restructuring and Reform Act included a provision that would have modified section 357(c) by requiring the transferor, in the case of a transfer of any property subject to a non-recourse liability, to apportion the liability on the basis of the relative fair market values of all assets subject to the liability.
While the Board does not have comprehensive data on lender losses due to CERCLA liability to date, clearly significant losses have already occurred.
Simonds of the Chicago merger and acquisition firm of Rollins, Burdick and Hunter told the group that one of the consequences of product liability not often recognized is that of "reduced innovation.
In financial statements prepared on the accrual basis of accounting, employers should recognize a liability and expense for voluntary termination benefits (for example, early-retirement incentives) when the offer is accepted and the amount can be estimated.