pecuniary liability
A personal, joint, or corporate monetary obligation to make good any lost, damaged, or destroyed property resulting from fault or neglect. It may also result under conditions stipulated in a contract or bond.

Military dictionary. 2000.

Look at other dictionaries:

  • 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

  • Liability — Li a*bil i*ty (l[imac] [.a]*b[i^]l [i^]*t[y^]), n.; pl. {Liabilities} ( t[i^]z). [1913 Webster] 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law. [1913 Webster] 2. That which one is under …   The Collaborative International Dictionary of English

  • liability — /luy euh bil i tee/, n., pl. liabilities. 1. liabilities, a. moneys owed; debts or pecuniary obligations (opposed to assets). b. Accounting. liabilities as detailed on a balance sheet, esp. in relation to assets and capital. 2. something… …   Universalium

  • liability — /laɪəˈbɪləti / (say luyuh biluhtee) noun (plural liabilities) 1. an obligation, especially for payment; debt or pecuniary obligations (opposed to asset). 2. something disadvantageous. 3. the state or fact of being liable: liability to jury duty;… …   Australian English dictionary

  • liability — li•a•bil•i•ty [[t]ˌlaɪ əˈbɪl ɪ ti[/t]] n. pl. ties 1) bus liabilities a) moneys owed; debts or pecuniary obligations (opposed to assets) b) liabilities as detailed on a balance sheet, esp. in relation to assets and capital 2) something… …   From formal English to slang

  • liability — noun (plural ties) Date: 1705 1. a. the quality or state of being liable b. probability 2. something for which one is liable; especially pecuniary obligation ; debt usually used in plural 3. one that acts as a disadvantage ; …   New Collegiate Dictionary

  • liability — n. (pl. ies) 1 the state of being liable. 2 a person or thing that is troublesome as an unwelcome responsibility; a handicap. 3 what a person is liable for, esp. (in pl.) debts or pecuniary obligations …   Useful english dictionary

  • Limited liability — Liability Li a*bil i*ty (l[imac] [.a]*b[i^]l [i^]*t[y^]), n.; pl. {Liabilities} ( t[i^]z). [1913 Webster] 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law. [1913 Webster] 2. That which… …   The Collaborative International Dictionary of English

  • Obtaining pecuniary advantage by deception — Obtaining pecuniary advantage by deception[1] was formerly a statutory offence in England and Wales and Northern Ireland. However, the offence still subsists in certain other common law jurisdictions[which?] which have copied the English criminal …   Wikipedia

  • ἀνείσπρακτοι — ἀνείσπρακτος free from pecuniary liability masc/fem nom/voc pl …   Greek morphological index (Ελληνική μορφολογικούς δείκτες)

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