liability for fault

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• Vienna Convention on Civil Liability for Nuclear Damage — Background In September 1997, many of the world s governments took a significant step forward in improving the liability regime for nuclear damage. At a Diplomatic Conference at International Atomic Energy Agency (IAEA) Headquarters in Vienna, 8… …   Wikipedia

• liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds …   Law dictionary

• fault — n [Anglo French faute lack, failing, ultimately from Latin fallere to deceive, disappoint] 1: a usu. intentional act forbidden by law; also: a usu. intentional omission to do something (as to exercise due care) required by law see also negligence …   Law dictionary

• Fault (legal) — The meaning of fault Different forms of liability employ different notions of fault, in some there is no need to prove fault. Fault basically refers to legal blameworthiness and responsibility in each area of law. It refers to both the Actus Reus …   Wikipedia

• liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …   Black's law dictionary

• liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …   Black's law dictionary

• liability — 1) In the broad legal sense, responsibility or obligation. For example, a person is liable to pay his debts, under the law; 2) In accounting, any debt owed by an individual or organization. Current, or short term, liabilities are those to be paid …   Financial and business terms

• Liability — A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation. The New York Times Financial Glossary * * * liability li‧a‧bil‧i‧ty [ˌlaɪəˈbɪlti] noun liabilities PLURALFORM …   Financial and business terms

• liability — noun 1) journalists liability for defamation Syn: accountability, responsibility, legal responsibility, answerability; blame, culpability, guilt, fault Ant: immunity 2) they have big liabilities Syn …   Thesaurus of popular words

• Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… …   Wikipedia

• liability insurance coverage — Insurance that provides compensation to third parties who are injured or whose property is damaged due to the fault of the insurance holder. You may have liability insurance for your car or your home, or to cover actions you take in the course of …   Law dictionary