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Sequential liability protects businesses from their clients getting into trouble.
Financial and business terms. 2012.
Liability — A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation. The New York Times Financial Glossary * * * liability li‧a‧bil‧i‧ty [ˌlaɪəˈbɪlti] noun liabilities PLURALFORM … Financial and business terms
liability — 1) In the broad legal sense, responsibility or obligation. For example, a person is liable to pay his debts, under the law; 2) In accounting, any debt owed by an individual or organization. Current, or short term, liabilities are those to be paid … Financial and business terms
Breaking the chain — English Tort law Part of the common law series Negligence Duty of care Bolam test Breach of duty Causation … Wikipedia
Honda Legend — This page is about this vehicle s Japanese model. See Acura Legend and Acura RL for information on the North American model. Sections of this article are translated from Japanese Wikipedia. Honda Legend … Wikipedia
Causation in English law — This article refers to the legal tests of remoteness, causation and foreseeability in the tort of negligence.In the English law of negligence, causation proves a direct link between the defendant’s negligence and the claimant’s loss and damage.… … Wikipedia
Securitization — is a structured finance process, which involves pooling and repackaging of cash flow producing financial assets into securities that are then sold to investors. The name securitization is derived from the fact that the form of financial… … Wikipedia
Package testing — Military shipping container being drop tested Testing … Wikipedia
Automated external defibrillator — An automated external defibrillator or AED is a portable electronic device that automatically diagnoses the potentially life threatening cardiac arrhythmias of ventricular fibrillation and ventricular tachycardia in a patient,cite… … Wikipedia
Hard disk drive — Hard drive redirects here. For other uses, see Hard drive (disambiguation). Hard disk drive Mechanical interior of a modern hard disk drive Date invented 24 December 1954 [1] … Wikipedia
computer — computerlike, adj. /keuhm pyooh teuhr/, n. 1. Also called processor. an electronic device designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results of these operations. Cf. analog… … Universalium
