Liabilities - Law Dictionary Search Results
Home Dictionary Name: liabilities Page 1 of about 541 results (0.002 seconds)Demand liabilities
Demand liabilities, means liabilities which must be met on demand, and 'time liabilities' means liabilities which are not demand liabilities. [Bank-ing Regulation Act, 1949 (10 of 1949), s. 5 (f)]...
Total liabilities
Total liabilities, means the liabilities under he Consolidated Fund of India and the public account of India. [Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003), s. 2(f)]Means the liabilities under the consolidated fund of the State of Gujarat and the public account of the State. [Gujarat Fiscal Responsibility Act, 2005, s. 2(i)]Means the explicit liabilities under consolidated fund of the State and the Public Account of the State including General Provident Fund. [Rajasthan Agricultural Produce Markets Act, 2005, s. 2(p)]...
Current liabilities
Current liabilities, means liabilities which must be met on demand or within a period of twelve months from the date they are incurred; and includes any current liability which is suspended under s. 18FB. [Industries (Development and Regulation) Act, 1951 (65 of 1951), s. 3 (ac)]...
Limited liability
Limited liability. At Common Law every person is liable, upon his contracts, up to the whole amount of his estate, and every partner is so liable upon all the contracts of the partnership. So extensive a liability being apt to prevent persons from engaging in business as partners, the statutes authorizing the construction of railways, etc., have always limited the liability of each shareholder to the amount of the shares held by him. Similar limitations, extending in some cases to double the amount of shares held, have also long been found (though not universally) in the charters of incorporated banks and insurance companies.Companies Acts.--Under the Companies Acts, limited liability means that the members are not liable beyond the unpaid-up part (if any) of the nominal amount of the shares in respect of which they are registered in the books of the company. When a share has been fully paid up, no further liability exists. As to shares which have not been fully paid up, see CONTRIBUTO...
Contingent liability
Contingent liability, as a liability which, by reason of something done by the person bound, will necessarily arise or come into being if one or more of certain events occur or do not occur, Glenister v. Rowe (CA), (1999) 3 WLR 716.Contingent liability, must arise out of an existing or underlying liability, no such liability can exist simply by reason of a claim for costs made in a writ, summons, application or notice of appeal to the judge or to the Court of Appeal, Glenister v. Rowe (CA), (2000) Ch LR 76....
Debts and liabilities
Debts and liabilities, incurred under contracts enter into by him in s. 19(5) as a matter of construction, legal expenses property incurred by an administrator in connection, with his role as administrator fell with in s. 19(5), A Company (Ch. D.) (in re:), (2000) 1 WLR 502....
current liabilities
current liabilities Debts that must be paid within a relatively short period of time, usually within one year ...
liabilities
liabilities a person's financial obligations such as long-term / short-term debt, and other financial obligations to be paid. Source: U.S. Department of Housing and Urban Development ...
bodily injury liability
bodily injury liability Insurance coverage that applies when you are legally liable for injuring other people in an auto accident. Bodily injury liability provides payments to those injured individuals and pays your legal defense costs as well. Such coverage can be combined with property damage liability, as it often is, and be called "liability insurance." ...
Discharge from liability
Discharge from liability, the words are apt to ex-press an intention of total extinction of the liability and should, specially in view of the international character of the legislation, be construed in that sense. Once the liability is extinguished under this clause, there is no scope of any acknowledgement of liability thereafter, East and West Steamship Co. v. S.K. Ramajingam, AIR 1960 SC 1058 (1065). [Carriage of Goods by Sea Act, 1925, Sch. .. Art. III, para 6, Cl. 3]...
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