liability


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  • 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 ?
11, President Bush signed the Small Business Liability Relief and Brownfields Revitalization Act into law.
This is especially true in the case of corporations where, owing to the vagaries of the business cycle, the annual determination of tax liability is partially mitigated by loss and credit carryback and carryforward provisions in order to measure and average over time the corporation's true economic income.
In these investments, limiting the liability of all owners is important, and the freedom to plan distributions and allocations of LLC income and losses is a desirable quality.
We believe that the incentives arising from the risk that the borrower will be unable to repay its loan because of its own CERCLA liability are adequate to encourage lenders to evaluate environmental risks related to their borrower's property.
The final regulations provide that a disregarded entity's net value equals the fair market value (FMV) of all its assets that may be subject to creditors' claims under local law, including enforceable rights to contributions from its owner, but excluding its interest in the partnership for which the net value is being determined (if any) and the FMV of property pledged to secure a partnership liability (already taken into account under Regs.
If alliance members are found to be operating in a joint venture, that might give rise to vicarious liability for those members.
A former tenant had contaminated a property owned by a limited liability company (LLC).
3) The liability is recurring in nature and the taxpayer consistently treats the item as incurred in years where the all events test is met; and
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.
There is some confusion about the type of liability insurance needed to address fiduciary risks even among insurance professionals.
Under the Provider Liability Law, a TSP's liability to a third party claiming infringement generally is limited, unless it knows or has reason to know that information on its network infringes on the rights of a third party.
If you're going to reap the economic advantages of selling your product abroad, you'll have to face the lawsuits, too," says Victor Diaz, one of the best-known attorneys in liability cases involving Latin America.
The liability risks for mischaracterized spent materials may extend beyond the costs of cleanup.
The key to where liability resides after an asset purchase, acquisition, or merger is understanding the legal status of a corporation.
As a result, the property subject to escheat is not the uncashed checks themselves, but the underlying debt, obligation or liability.