What is the meaning of liability
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What is the meaning of liability
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Answer:
A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. ... In general, a liability is an obligation between one party and another not yet completed or paid for.
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Answer:
the state of being legally responsible for something.
"once you contact the card protection scheme your liability for any loss ends"
Explanation:
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