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have a legal obligation to do sth

См. также в других словарях:

  • obligation — A legal responsibility, such as to repay a debt. Bloomberg Financial Dictionary * * * obligation ob‧li‧ga‧tion [ˌɒblˈgeɪʆn ǁ ˌɑːb ] noun [countable, uncountable] 1. a legal or moral duty to do something: obligation to do something • I think… …   Financial and business terms

  • obligation — noun (C, U) 1 a moral or legal duty to do something: obligation to do sth: You can look at the books without any obligation to buy. (+ to): I have certain obligations to my family. | meet/fulfil an obligation (=do something that is your duty):… …   Longman dictionary of contemporary English

  • obligation — noun ADJECTIVE ▪ contractual, legal, statutory ▪ ethical, moral, religious, social ▪ debt, financial …   Collocations dictionary

  • discharge — (1) The action of releasing a lien or the document in which the creditor relinquishes a lien. Also known as a satisfaction, a release, a reconveyance, or an extinguishment. However, release tends to be used in connection with both real and… …   Financial and business terms

  • recourse — The right to seek repayment of debt. Usually used to describe the right to seek repayment from an originator or prior endorser who sold or assigned debt to another party. American Banker Glossary Term describing a type of loan. If a loan is with… …   Financial and business terms

  • 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

  • contract — a legally binding agreement between two or more parties. Glossary of Business Terms A legally enforceable agreement between two or more parties for performing, or refraining from performing, some specified act; e.g., delivering 5,000 bushels of… …   Financial and business terms

  • Contract — A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange. The New York Times Financial Glossary * * * ▪ I.… …   Financial and business terms

  • tender — an offer in writing to carry out work, which has been specified by another person. The offer quotes a fixed price, which will be charged for doing the work. Glossary of Business Terms To offer for delivery against futures. Bloomberg Financial… …   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

  • Tender — To offer for delivery against futures. The New York Times Financial Glossary * * * ▪ I. tender tender 2 verb 1. [intransitive] COMMERCE to make a formal offer to do a job or provide goods or services at a particular price: tender for • The… …   Financial and business terms

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