liability reserve meaning, liability reserve definition | English Cobuild dictionary

Collins

liability

  

      n   pl   , -ties  
1    the state of being liable  
2    a financial obligation  
3    a hindrance or disadvantage  
4    likelihood or probability  


limited liability  
      n     (Brit)   liability restricted to the unpaid portion (if any) of the par value of the shares of a limited company. It is a feature of share ownership  
product liability  
      n   the liability to the public of a manufacturer or trader for selling a faulty product  
public-liability insurance  
      n   (in Britain) a form of insurance, compulsory for any business in contact with the public, which pays compensation to a member of the public suffering injury or damage as a result of the policyholder or his employees failing to take reasonable care  
English Collins Dictionary - English Definition & Thesaurus  
Add your entry in the Collaborative Dictionary.

head

Reverso Community

  • Create your own vocabulary list
  • Contribute to the Collaborative Dictionary
  • Improve and share your linguistic knowledge
Advertising
"Collins English Dictionary 5th Edition first published in 2000 © HarperCollins Publishers 1979, 1986, 1991, 1994, 1998, 2000 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"