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BNET Business Dictionary
- Liability
- a debt that has no claim on a debtor's assets, or less claim than another debt
- Liability definition on BNET »
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- Risk Management For Rental Properties: How Landlords Can Protect Themselves Legally When Renting
- Most property owners and landlords appreciate fully the risks and potential liabilities that can occur when they operate campgrounds, conference centers, and other facilities open to the public on their property. These same owners and landlords, however, often fail to understand that these risks and potential liabilities still exist when...
- White papers 2008-01-01
- Technology Simplifies Life...and Porn-Viewing at Work
- The porn-at-work issue is coming back to the forefront of employers' thoughts now that a lot of workers are using wireless devices -- which are difficult to monitor through special software. Even though 65 percent of US companies are running such software, 16 percent of men and eight percent of...
- Blog posts 2007-10-23
- The Uncertain Future of Longevity
- More than ever before, pension fund and life insurance liabilities are sensitive to changes in mortality. In the UK, annuity and deferred annuity liabilities of pension schemes and insurers amount to over ú1 trillion. Historically much attention has been paid to investment risks but increasingly recognition is being given to...
- White papers 2005-10-19
- U.S. Medical Liability Trend Showing Strong Signs of Improvement
- The U.S. health care industry has been in an escalating state of crisis. The cause of this negative and costly situation is a culmination of increased litigation, lack of affordable medical malpractice insurance and a deficiency in consumer understanding of the medical process. However, many steps have been taken by...
- White papers 2005-10-17
- Schedule OF Liabilities
- This is a template for schedule of liabilities.
- Tools & templates 2005-08-01
- The Need for Comprehensive Federal Liability Reform
- Medical group practices have encountered substantial medical liability premium increases in recent years. Studies show that the liability crisis threatens patient access to care, increases the cost of health care, and causes physicians to practice defensive medicine. This paper believes that federal reform of the medical liability system is necessary...
- White papers 2005-06-16
- Brave New World (Part 1)
- For starters, as professional project managers one would now face personal liability for their actions, their advice and their projects. If the projects were found to fail, one could - and likely would - be held personally and professionally accountable for the implications of that failure. While some might argue...
- White papers 2005-02-02
- Casualty Specialty Update
- The new European Union Directive on Environmental Liability with regard to the Prevention and Remedying of Environmental Damage came into force on 30 April 2004 and must be enacted at individual country level by 30 April 2007. As its full title suggests, the Directive focuses on damage to the environment...
- White papers 2004-09-01
- What Discount Rate Should Be Used to Valued Defined Benefit Pension Liabilities?
- In defined benefit pension plans, the primary function of the actuarial valuation is to determine appropriate contribution rates from the plan sponsor. For this reason, the valuation discount rate is based on the expected return on the assets of the pension fund and the definition of the actuarial liability can...
- White papers 2004-01-01
- Liability Trends, Issues and Jury Verdicts: Impact on Insurance Liability and Excess Casualty Markets
- American businesses and their insurers are under tremendous pressure from a wide range of new and existing liability challenges. From Enron to asbestos and mold to medical malpractice, the cost of insuring corporate America against a rising tide of lawsuits is rising. This presentation provides a comprehensive overview of some...
- White papers 2003-10-01
- Liabilities and Equity
- This article is about Accounting for certain Financial Instruments with characteristics of both Liabilities and Equity, the Board will embark on the liabilities and equity project. The objectives of the article are to: Improve accounting and reporting by issuers for financial instruments that contain characteristics of equity and liabilities,...
- White papers 2003-09-12
- A Year in Review - 2004 Update: Issues and Trends Affecting the Liability Market in England and Wales
- This report reviews and illustrates the issues and trends affecting the liability market in 2004 and explains how these trends have continued and developed. This update explores the key legal developments over the past year that has affected these trends. The report also briefly examines their still-emerging impact on insurers...
- White papers 2003-07-31
- Financial Dollarization And Central Bank Credibility
- Why do firms and banks hold foreign currency denominated liabilities? The authors argue that foreign currency debt, by altering the effect of devaluation on output, has a disciplining effect when the Central Bank ' s objectives differ from the social optimum. However, under imperfect information, bad priors about the Central...
- White papers 2003-06-01
- Long-Term Liabilities, Financial Assurance and Potential Opportunities
- Many mining districts have long histories of operating mines. When looking at these operations it is often difficult to conceive of the mining activities ever ending and the community having to rely on a different economic base. This situation can be found all over the world and is not applicable...
- White papers 2003-04-04
- Poor Communication, Design Could Boost CDH Liability Risk, Says Legal Group
- This article discusses a case of CDH that has adverse effect because of poor communication. It states that by allowing patients to choose their own doctors and care path rather than being directed by gatekeeper physicians consumer-directed health CDH care could do away with several legal issues that sometimes swirl...
- Case studies 2003-02-28
- Balance Sheet And Owners’ Interests
- The balance sheet portrays the precise financial position of an organization at a particular point of time. It contains details about all the organizational expenditures and income. The balance sheet consists of four financial components viz. assets, liabilities, and owner’s equity. The accounting equation states that the total organizational assets...
- Presentations 2003-01-01
- NAIC Meeting Notes
- This white paper contains information on activities that occurred in some of the committees, task forces and working groups that met there. The Statutory Accounting Principles Working Group made many important decisions that approves the drafting of an issue paper on additional minimum pension liabilities that would allow the liability...
- White papers 2003-01-01
- Accounting - Balance Sheets
- A balance sheet is a snapshot of a business’ financial condition at a specific moment in time, usually at the close of an accounting period. It comprises assets, liabilities, and owners’ or stockholders’ equity. Assets and liabilities are divided into short- and long-term obligations including cash accounts such as checking,...
- White papers 2003-01-01
- Audit Committees’ Responsibilities and Liability
- This article is about Audit committee members who are subject to enhanced responsibilities and liabilities, and the SEC and other regulators are conducting more investigations of the actions of directors and officers. Nevertheless, serving as an audit committee member can be a rewarding experience and provides an opportunity to make...
- White papers 2003-01-01
- Concepts of Investing: Assets and Liabilities
- Assets and Liabilities are what make up the balance sheet of a corporation. Being able to understand these numbers can help you make better decisions. Assets are generally what a company owns. This breaks down into various categories: cash, inventories, and any investments. Total assets should remain about the same...
- White papers 2003-01-01
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