contractual liability

/kənˌtræktʃuəl ˌlaɪə'bɪlɪti/ noun
a legal responsibility for something as stated in a contract

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • contractual liability — defining legal responsibilities through contract …   English contemporary dictionary

  • contractual liability — /kənˌtræktʃuəl ˌlaɪə bɪlɪti/ noun a legal responsibility for something as stated in a contract …   Marketing dictionary in english

  • contractual liability insurance — noun : insurance against loss due to liability assumed under a contract …   Useful english dictionary

  • extra-contractual liability — tort …   Glossary of international commercial arbitration

  • contractual — con·trac·tu·al /kən trak chə wəl/ adj: of, relating to, or constituting a contract a contractual agreement con·trac·tu·al·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… …   Wikipedia

  • Liability — A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation. The New York Times Financial Glossary * * * liability li‧a‧bil‧i‧ty [ˌlaɪəˈbɪlti] noun liabilities PLURALFORM …   Financial and business terms

  • 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

  • Liability Insurance — Any type of insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury or negligence. Liability insurance policies cover both legal costs and any… …   Investment dictionary

  • Public liability — is part of the law of tort which focuses on civil wrongs. An applicant (the injured party) usually sues the respondent (the owner or occupier) under common law based on negligence and/or damages. Claims are usually successful when it can be shown …   Wikipedia

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