liability : Idioms & Phrases

Index

liability insurance

  • noun insurance that provides protection from claims arising from injuries or damage to other people or property
WordNet

Limited liability

  • noun the liability of a firm's owners for no more than the capital they have invested in the firm
WordNet
  • . See Limited company, under Limited.
Webster 1913

tax liability

  • noun the amount of tax owed; calculated by applying the tax rate to the tax base
WordNet