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Funded Liability |
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Funded LiabilityA source of funds that a firm must take overt action to arrange and that carries an interest cost.Funded Liability Similar MatchesJoint and several liabilityJoint and several liabilityAn undertaking by a group of two or more people to be responsible, either individually or jointly, for any liability which may exist after any member or members have failed to meet their obligations. For example if a group of four people enter into a joint and several liability on a bank loan, then in the event of two of the members reneging on their obligations the remaining two members become fully responsible for the repayment of the loan. Joint liabilityJoint liabilityThe legal liability of two or more people for claims against or debts incurred by them jointly. If three people have joint liability and are indebted to another party, they may only be sued as a group and not individually. Limited liabilityLimited liabilityLimitation of loss to what has already been invested. Tax liabilityTax liabilityThe amount in taxes a taxpayer to the government. Contingent pension liabilityContingent pension liabilityUnder ERISA, a firm is liable to its pension plan participants for up to 39% of the net worth of the firm. Further SuggestionsUnlimited liabilityliability insurance Liability insurance Joint liability Noncurrent liability Liability limited liability umbrella personal liability insurance Umbrella personal liability policy Limited liability instrument Contractual liability Lender liability lawsuits |
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