(Australia, business, law) A form of limited liability that may be used by mining companies, under which the shareholders may pay a company debt by surrendering shares in lieu of money.

bound or obliged in law or equity; responsible; answerable. / subject; susceptible. / exposed to a certain contingency or causality, more or less probable.

An obligation, debt or responsibility owed to someone.

Any insurance against a potential loss due to the insured's liability for injury or damage to others.

(finance) The liability of an owner or a partner of a company for no more capital than they have invested.

(finance) An amount of money in a company that is owed to someone and has to be paid in the future, such as tax, debt, interest, and mortgage payments. / (accounting) The right side of a balance sheet.

plural of liability

plural of limited liability company

(accounting) A liability or financial obligation which will come due in the near-term (often within one year).

plural of current liability