Funded Liability


 

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Funded Liability

A source of funds that a firm must take overt action to arrange and that carries an interest cost.



Funded Liability

Similar Matches

Joint liability

Joint liability

The responsibility of two or more people to fulfill the terms of a home loan or debt.


Liability

Liability

An amount that is owed, in contrast to an asset. A liability may result from borrowing, from obligation to pay for a product or service received, etc.


Joint liability

Joint liability

The 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.


Liability insurance

Liability insurance

Insurance against legal liability to pay compensation and court costs where the insured has been found negligent in respect of injuries sustained by another person or damage to his/her property.


Joint and several liability

Joint and several liability

An 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.


Further Suggestions

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Unlimited liability
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Noncurrent liability
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umbrella personal liability insurance
Limited liability instrument


 
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