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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 liabilityJoint liabilityThe responsibility of two or more people to fulfill the terms of a home loan or debt. LiabilityLiabilityAn 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 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. Liability insuranceLiability insuranceInsurance 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 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. Further Suggestionslimited liabilityUnlimited liability Liability insurance Tax liability Umbrella personal liability policy Contingent pension liability Noncurrent liability Limited liability Contractual liability Lender liability lawsuits umbrella personal liability insurance Limited liability instrument |
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