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 ?
Berkley Professional Liability's new primary management liability product is currently admitted in 38 states and the District of Columbia and is expected to be admitted nationwide in 2019.
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.
In considering alter ego liability, courts generally look at factors such as (1) inadequate capitalization in the purported controlled entity; (2) the entities' failure to observe corporate formalities; (3) commingling of funds by the entities; (4) the absence of corporate records; and (5) the failure to maintain arm's-length relationships among the entities.
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
There is some confusion about the type of liability insurance needed to address fiduciary risks even among insurance professionals.
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.
Given the significance of applying vicarious liability as the appropriate standard as opposed to negligence which would require a showing of knowledge on the part of the employer, it is important to understand which employees within the organization may subject their employer to this harsher standard and under what circumstances.
Director duty of care violations in failing to monitor corporate performance are "the most difficult theory in corporation law upon which a plaintiff might hope to win a judgment." (3) The result of the litigation is that corporate boards may face liability for failure to implement a reasonable gathering and reporting system.
(11) If the criteria are satisfied, a loss based on a reasonable estimate of the tax liability to be incurred should be accrued.
The goals of the program are to provide nationwide professional liability protection responsive to the scope of services CPA firms offer, ensure long-term stability, and assist CPAs in the management of liability risks inherent in public practice.
Until recently, however, Japan has not had Internet-specific content liability laws.
multinationals on their home turf, the United States, in a bid to win fat product liability awards.
This article evaluates these liability risks, which can be reduced and managed by researching the spent materials and their reuse destination.