the practice by a company of taking steps to avoid liability for any fraudulent dealings with it, such as making a credit-card owner responsible for any abuses of the card by a third party
noun 1. insurance covering the insured against losses arising from injury or damage to another person or property.
noun 1. the highest amount that a liability insurer will pay on a single claim.
[lahy-uh-buh l] /ˈlaɪ ə bəl/ adjective 1. legally responsible: You are liable for the damage caused by your action. 2. subject or susceptible: to be liable to heart disease. 3. likely or apt: He’s liable to get angry. /ˈlaɪəbəl/ adjective (postpositive) 1. legally obliged or responsible; answerable 2. susceptible or exposed; subject 3. probable, likely, […]
[lee-eyz] /liˈeɪz/ verb (used without object), liaised, liaising. 1. to form a . /lɪˈeɪz/ verb 1. (intransitive) usually foll by with. to communicate and maintain contact (with) v. 1928, back-formation from liaison. Said to be a coinage of British military men in World War I. Related: Liaised; liaising. verb To cooperate; get into regular contact: […]