Liability wex us law lii legal information institute. Assumes liability for idioms by the free dictionary. A contractual clause which may contain a disclaimer of liability under an agreement and may limit the scope and level of liability in the event of breach. Mar 26, 2020 liability countable and uncountable, plural liabilities.
Download our english dictionary apps available for both ios and android. A comprehensive legal term that describes the condition of being actually or potentially subject to a legal obligation. Strict liability article about strict liability by the free. Limited liability is where a persons financial liability is limited to a fixed sum, most commonly the value of a persons investment in a company or partnership. A liability is a debt or obligation or a personal flaw that stands in your way.
Dictionary of insurance terms a absolute liability. Liability meaning in the cambridge english dictionary. Looking for online definition of liability or what liability stands for. This is true even if an independent contractor was. Liability synonyms, liability antonyms merriamwebster. Liabilities definition of liabilities by the free dictionary. Liable definition and meaning collins english dictionary. Dictionary, thesaurus, medical, financial, acronyms, idioms, encyclopedia, wikipedia. Liability definition of liability by the free dictionary. Typically, when people engage in an inherently dangerous activity on land,such as blasting rock,they are responsible for damage to adjoining property or to persons injured by the blast. If you say that someone or something is a liability, you mean that they cause a lot of.
One of the most practical works of its kind, the peoples law dictionary is a comprehensive source of meanings and use for thousands of todays most common. In business, liability results from a breach of duty or obligation by act or failure to act. A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the. Synonyms for liability at with free online thesaurus, antonyms, and definitions.
We cut out the legalese so anyone can make sense of their agreements, contracts, and documents. Oct 25, 2018 the merriamwebster dictionary and thesaurus provides a definitive reference of words in the english language in an easytouse electronic format. Over legal terms defined in simple, everyday language. Looking for online definition of naplia or what naplia stands for. Joint liability is an obligation for which more than one person is responsible. Liability also refers to the debt or obligation of a business in contrast to its assets. Vicarious liability is a form of a strict, secondary liability that arises under the common law doctrine of agency respondeat superior the responsibility of the superior for the acts of their subordinate, or, in a broader sense, the responsibility of any third party that had the right, ability or duty to control the activities of a violator. Liability, legal in a broad sense, punishment, state law enforcementthe application of the sanctions envisioned by law to a person guilty of violating a legal obligation. The worlds most comprehensive free online dictionary, thesaurus, and encyclopedia with synonyms, definitions, idioms, abbreviations, and medical, financial, legal specialized dictionaries. Translations in context of liability in englishitalian from reverso context. Get wordweb pro to add full audio and many additional features, including the option to add oxford, chambers and collins dictionaries. The program has a full dictionary and thesaurus for american, british, canadian, australian, indian, and global english. Liability legal definition of liability legal dictionary.
American heritage dictionary of the english language. 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. An event or occurrence which is unforeseen and unintended. Definition of assumes liability for in the idioms dictionary. An obligation, debt or responsibility owed to someone 1901, w. Liability definition and meaning collins english dictionary. From longman dictionary of contemporary english liability li. Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are. A liability is thus a form of debt, for example, a bank overdraft or loan, a building society mortgage. Liability insurance definition and meaning collins english. It is a fundamental aspect of tort tort, in law, the violation of some duty clearly set by law, not by a specific agreement between two parties, as in breach of contract. A companys liabilities are simply the debts on its ledger, but a personal liability might be your extreme shyness in social situations.
Liability definition at, a free online dictionary with pronunciation, synonyms and translation. Product liability synonyms, product liability antonyms. A flood, earthquake or other non preventable accident resulting from natural causes that occur without any human intervention. Compensation, and liability act of 1980 cercla is a united states federal law. Jacobs, the monkeys paw i was to say that maw and meggins disclaim all responsibility, continued the other. Translate texts with the worlds best machine translation technology, developed by the creators of linguee. Liability insurance definition, insurance covering the insured against losses arising from injury or damage to another person or property. Product liability financial definition of product liability. When something is liable to happen, it is very likely to happen. Download your free copy the term liabilities is included in the accounting edition of the herold financial dictionary, which you can get from amazon in ebook or paperback edition. The liability of a property owner or occupier for injury to others despite the lack of any fault or wrongdoing by the owner or occupier.
Strict liability synonyms, strict liability pronunciation, strict liability translation, english dictionary definition of strict liability. Limited liability definition by babylons free dictionary. Products liability legal definition of products liability. Legal liability meaning in the cambridge english dictionary. Liability definition of liability by medical dictionary. If a company with limited liability is sued, then the plaintiffs are suing the company, not its owners or investors. The merriamwebster dictionary and thesaurus provides a definitive reference of words in the english language in an easytouse electronic format.
Definition of limitation of liability law dictionary. Liability for damages even though fault or negligence cannot be proven. The website is designed to serve as an an easytouse web dictionary accessible with any desktop or mobile browser. The obligation and responsibility that manufacturers and those who are in the distribution chain of sales to the general public to deliver goods that are without defects which could. The merriamwebster dictionary and thesaurus free download. A legally enforceable claim on the assets of a business or property of an individual. Product or service liability definition by babylons free.
If people or things are liable to something unpleasant, they are likely to experience it. Download definition of download by the free dictionary. About english nepali dictionary beta is a free online dictionary to quickly search nepali meanings of english words. Strict liability financial definition of strict liability. The statecoercive nature of legal liability is evident not only in its content law enforcement measures such as deprivation of freedom, fines, and confiscation of the drivers. Naplia is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary. The free dictionary 12,163,318,420 visitors served. Free english dictionary and thesaurus download wordweb. It is a feature of share ownership if a company goes. Look up words and phrases in comprehensive, reliable bilingual dictionaries and search through billions of online translations. The obligation of a company to make restitution for loss related to personal injury, property damage or other harm caused by its product or service. Liability article about liability by the free dictionary.