Liable
Legally responsible for paying a debt or meeting an obligation.
Related terms
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Liability
A legal or financial obligation to pay money, compensate another party or meet another duty.
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Personal liability
A debt or legal obligation that falls on an individual personally and can potentially be enforced against their own income or assets.
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Guarantee liability
The amount or obligation a guarantor may have to pay under the wording of a valid and enforceable guarantee.
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