liability
liability (noun) -
a. the money that a company owes
b. something that causes problems and embarassment
liable for (verb) - legally responsible for something
liability - legal responsibility
* He was held liable for the damage caused by his negligence.
* He has admitted liability for the claimed damages but disputes the exact amount.
liable to (verb) -
a. likely to happen, likely to experience or do something
* You're liable to succeed in business if you keep trying out new business ideas.
* You're liable to bump into something if you keep walking like that.
Example sentences:
* The once popular political party is now a political liability.
* The insurance company is liable for damages to the victims of the accident.
* If you slip and fall on this wet floor, the owner of the building could be held liable.
* As the president's popularity falls, the party is starting to consider him a liability.
* This term in the contract will stop firms from getting out of their liability for injury or death caused by their negligence.
* Some of the terms in the contract limit or exclude liability.
* This clause excludes you as a board member from any personal liability for decisions the board of directors makes.
* All luggage is carried at your own risk and the Company accepts no liability for any loss of, damage to or delay to such luggage.
* Your children, while they are with us, are covered under our liability insurance.
* We will pay up to $1,000,000 for your legal liability for accidental injury to any person or damage to their property.
* All the training needed before you can use it, makes it more of a liability than an asset.
* That former asset, your beauty, is now a liability. Stop tormenting me!
* If you choose to structure the business as a limited liability partnership, your liability will, of course, be limited.
* Some clothes in this shop are considered to be something of a liability and unfeminine.
* The first rule of football is that goalkeepers never accept liability.
* There are several ways companies can turn themselves into limited liability companies.
* In America many accountants have sought refuge in limited liability under recent Delaware laws.
* Taxpayers now have to calculate their own tax liability.
* This case created a blanket immunity from liability for the police.
* Mr Smith is merely an embarrassment. Mr Monroe, however, is truly a liability.
* The company gave her an inappropriate loan, but her bosses denied liability.
* All the family members work in the family shop and must be an economic asset instead of a liability.
* Warnings on cigarette packages shield the manufacturers from liability.
* We do not assume liability for personal injuries or death or for the loss or damage to personal property.
* The airline's liability for baggage loss, damage, or delays is not to exceed $1,000.
* We can assume no liability for injury, damage, delay, loss, accident, or irregularity in service.
* We will not accept liability for their mistake.
*On the liability side of our balance sheet we are in quite good shape.
