legal liability

legal liability
legal liability legal liability liability

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legal liability UK US noun [U] LAW
responsibility that someone has for their actions, for example the responsibility to pay another person for harm or damage that is a result of these actions: »

Failure to comply with the latest regulations could result in legal liability if patient health is affected.


Financial and business terms. 2012.

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Look at other dictionaries:

  • legal liability — index damages, fine Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Legal liability — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • legal liability — legal responsibility, legal obligation, responsibility as determined by the law …   English contemporary dictionary

  • legal liability — Liability at law …   Ballentine's law dictionary

  • legal liability — A liability which courts recognize and enforce as between parties litigant. See also legally liable liability strict liability …   Black's law dictionary

  • legal liability — A liability which courts recognize and enforce as between parties litigant. See also legally liable liability strict liability …   Black's law dictionary

  • Water Damage Legal Liability Insurance — A policy that provides financial protection to a person or business that unintentionally causes water damage to the property of another. Water damage legal liability insurance is not included in all policies, so the insured should read his or her …   Investment dictionary

  • liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds …   Law dictionary

  • Legal aspects of file sharing — Part of a series on File sharing Technologies Peer to peer  …   Wikipedia

  • 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

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