Assumes liability for idioms 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. A liability is thus a form of debt, for example, a bank overdraft or loan, a building society mortgage. Liability, legal article about liability, legal by the. Liability for damages even though fault or negligence cannot be proven. Liability meaning in the cambridge english dictionary. Strict liability financial definition of strict liability. Looking for online definition of naplia or what naplia stands for. Legal liability meaning in the cambridge english dictionary. Product liability synonyms, product liability antonyms. 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.
Oct 25, 2018 the merriamwebster dictionary and thesaurus provides a definitive reference of words in the english language in an easytouse electronic format. 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. About english nepali dictionary beta is a free online dictionary to quickly search nepali meanings of english words. Get wordweb pro to add full audio and many additional features, including the option to add oxford, chambers and collins dictionaries.
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. A legally enforceable claim on the assets of a business or property of an individual. The website is designed to serve as an an easytouse web dictionary accessible with any desktop or mobile browser. The program has a full dictionary and thesaurus for american, british, canadian, australian, indian, and global english. Liability also refers to the debt or obligation of a business in contrast to its assets. The free dictionary 12,163,318,420 visitors served. 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. Synonyms for liability at with free online thesaurus, antonyms, and definitions. Liable definition and meaning collins english dictionary.
Dictionary, thesaurus, medical, financial, acronyms, idioms, encyclopedia, wikipedia. Liability legal definition of liability legal dictionary. 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. Over legal terms defined in simple, everyday language. Download definition of download by the free dictionary. Liabilities definition of liabilities by the free dictionary.
Limited liability definition by babylons free dictionary. Look up words and phrases in comprehensive, reliable bilingual dictionaries and search through billions of online translations. If you say that someone or something is a liability, you mean that they cause a lot of. A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the. If a company with limited liability is sued, then the plaintiffs are suing the company, not its owners or investors. Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are. Liability insurance definition, insurance covering the insured against losses arising from injury or damage to another person or property. 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. From longman dictionary of contemporary english liability li. 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 merriamwebster dictionary and thesaurus provides a definitive reference of words in the english language in an easytouse electronic format. 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. Definition of assumes liability for in the idioms dictionary.
Translate texts with the worlds best machine translation technology, developed by the creators of linguee. It is a feature of share ownership if a company goes. Strict liability article about strict liability by the free. If people or things are liable to something unpleasant, they are likely to experience it. Naplia is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary.
Liability definition and meaning collins english dictionary. Liability article about liability by the free dictionary. A flood, earthquake or other non preventable accident resulting from natural causes that occur without any human intervention. Liability definition of liability by medical dictionary. Directory of the best dictionaries and glossaries of insurance and reinsurance on the web. Translations in context of liability in englishitalian from reverso context. In business, liability results from a breach of duty or obligation by act or failure to act. Mar 26, 2020 liability countable and uncountable, plural liabilities. Product or service liability definition by babylons free. Liability insurance definition and meaning collins english. A comprehensive legal term that describes the condition of being actually or potentially subject to a legal obligation. An obligation, debt or responsibility owed to someone 1901, w.
When something is liable to happen, it is very likely to happen. An event or occurrence which is unforeseen and unintended. Jacobs, the monkeys paw i was to say that maw and meggins disclaim all responsibility, continued the other. Joint liability is an obligation for which more than one person is responsible. 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. The worlds most comprehensive free online dictionary, thesaurus, and encyclopedia with synonyms, definitions, idioms, abbreviations, and medical, financial, legal specialized dictionaries. Product liability financial definition of product liability. This is true even if an independent contractor was. Public liability, part of the law of tort which focuses on civil wrongs. 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. Free english dictionary and thesaurus download wordweb. American heritage dictionary of the english language. Liability definition of liability by the free dictionary.
Looking for online definition of liability or what liability stands for. Definition of limitation of liability law dictionary. Liability synonyms, liability antonyms merriamwebster. We cut out the legalese so anyone can make sense of their agreements, contracts, and documents. 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. Products liability legal definition of products liability. A companys liabilities are simply the debts on its ledger, but a personal liability might be your extreme shyness in social situations. Compensation, and liability act of 1980 cercla is a united states federal law. The merriamwebster dictionary and thesaurus free download. Liability definition at, a free online dictionary with pronunciation, synonyms and translation. Strict liability synonyms, strict liability pronunciation, strict liability translation, english dictionary definition of strict liability. Download our english dictionary apps available for both ios and android. A liability is a debt or obligation or a personal flaw that stands in your way.
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