Liabilities - Law Dictionary Search Results

alternative minimum tax

entity (as a corporation) with taxable income from avoiding tax liability and that imposes tax liability in the amount of the

the writing concerned must contain an admission of a subsisting liability. A mere admission of a past liability is not sufficient

or whereby any person acknowledges that he lies under legal liability, or has not a certain legal right, see also. [Dowry

be free from service or appearance. Freedom from a duty, liability or other requirement, Black's Law Dictionary, 7th Edn., p. 594.

a tax that to the extent it exceeds regular tax liability is the alternative minimum tax liability and that is determined

instrument for whose benefit an accommodation party signs and incurs liability on the instrument : a party for whose benefit an

: a clause in an insurance policy limiting an insurer's liability for a loss to a proportionate share in relation to

373 So. 2d 650 (1979)"] compare scope of employment vicarious liability at liability

each party [each promisor owed a duty] see also several liability at liability several obligation at obligation b : being separately

of interpleader] 4 : not requiring fault see also strict liability at liability strictly adv