Legal Definition and Related Resources of Liability
Meaning of Liability
The word is a general one and has no judicially fixed meaning, the judicial interpretations being largely dependent on the context and the statute where the word occurs. Generally it means an obligation or responsibility and may also include a contingent one. The term denotes the condition of being responsible for a possible or actual loss, penalty , evil, expense or burden. Frequently the word is used to denote an existing, sometimes a potential or even contingent debt.
Related Entries of Liability in the Encyclopedia of Law Project
Browse or run a search for Liability in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Liability in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Liability in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Liability in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Liability in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of liability.
Grammar
This term is a noun.
Etimology of Liability
(You may find liability at the world legal encyclopedia and the etimology of more terms).
1790, originally a term in law; “condition of being legally liable” (the sense in limited liability); see liable + -ity. General sense is from 1809; meaning “thing for which one is liable” is first attested 1842. Related: Liabilities.
Resources
Legal English Vocabulary: Liability in Spanish
Online translation of the English legal term liability into Spanish: responsabilidad civil (English to Spanish translation) . More about legal dictionary from english to spanish online.
Related to the Legal Thesaurus
Resources
See Also
- Law Enforcement Officer
- Police Work
- Law Enforcement Agency
Further Reading
- liability in A Dictionary of Law Enforcement (Oxford University Press)
- liability in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
Liability Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Liability in a way that is easy for anybody to understand: DEBTS or OBLIGATIONS owed by one entity (DEBTOR) to another entity (CREDITOR) payable in money, goods, or services.
Transferee Liability Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Transferee Liability in a way that is easy for anybody to understand: A person may be held LIABLE for another taxpayer’s delinquent taxes if: 1. The transferee received assets of the transferor-taxpayer; and 2. The transferor was INSOLVENT at the time or was rendered insolvent by that transfer or related series of transfers. However the insolvency requirement does not apply to GIFT taxes. The transferee is only liable to the extent of the value of the property received from the transferor. Thus, transferee liability merely provides a means for the IRS to recover any assets the transferor-taxpayer attempts to transfer to avoid paying taxes.
Concept of Liability in the context of Real Property
A short definition of Liability: A general term encompassing all types of debts and obligations.
Liability is generally a term that refers to a debt or obligation. In a financial sense, it refers to an organization’s or person’s debts and other financial obligations.
Concept of Liability in the context of Real Property
A short definition of Liability: A general term encompassing all types of debts and obligations.
Liability is generally a term that refers to a debt or obligation. In a financial sense, it refers to an organization’s or person’s debts and other financial obligations.
Liability (Civil Judicial Process)
Liability
Resources
See Also
- Legal System
- Judiciary
- Justice
Hierarchical Display of Liability
Law > Civil law > Civil law
Production, Technology And Research > Technology and technical regulations > Technical regulations > Insurance
Law > Justice > Legal action > Civil proceedings > Civil liability proceedings
Social Questions > Health > Health policy > Organisation of health care > Medical law > Patient’s rights > Medical error
Meaning of Liability
Overview and more information about Liability
For a more comprehensive understanding of Liability, see in the general part of the online platform.[rtbs name=”xxx-xxx”]
Resources
Translation of Liability
- Spanish: Responsabilidad
- French: Responsabilité
- German: Haftung
- Italian: Responsabilità
- Portuguese: Responsabilidade
- Polish: Odpowiedzialność
Thesaurus of Liability
Law > Civil law > Civil law > Liability
Production, Technology And Research > Technology and technical regulations > Technical regulations > Insurance > Liability
Law > Justice > Legal action > Civil proceedings > Civil liability proceedings > Liability
Social Questions > Health > Health policy > Organisation of health care > Medical law > Patient’s rights > Medical error > Liability
See also
- Insurance
- Insurance law
- Property insurance
- Insurance company
- Credit insurance
- Insurance contract
- Life assurance
- Indemnity insurance
- Third-party insurance
- Insurance occupation
- Transport insurance
- Reinsurance
- Personal accident insurance
- Agricultural insurance
- Export credit insurance
- Co-insurance
- Personal insurance
- Public insurance
- Private insurance
- Compulsory insurance
- Civil liability proceedings
- Medical error
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