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A type of investment in which a partner or investor can lose an unlimited amount of money. Opposite of limited liability.
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∙ 12y ago
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Define the term unlimited liability?
The term unlimited liability means that you are not protected from the liabilities of your company. To avoid this situation, you can start a corporation.
Economics define as limited quantities to meet unlimited wants?
Scarcity
Define General liability class code 99946?
Water Mains or Connection Construction
What is the term used to define the responsibility for erroneous payments made as a result of your signature is what?
pecuniary liability
What term is used to define the responsibility for erroneous payments made as a result of your signature?
pecuniary liability
How do you define asset and liability?
An asset makes a profit, either on a periodic basis, or when you sell the asset. A liability is an expence on a periodic basis, or a loss is made when disposed off.ORAn asset is something which we own and liability is something which we owe.
Will anyone please define the term space?
The Term "Space" is defined as the unlimited expanse in which everything is located.
How do you define omnipresence?
Omnipresence is universal or unlimited presence which is not confined by space to a location. This is often seen as a characteristic of a deity.
Define deferred tax?
Deferred tax is the future tax liability or assets. It could either be tax liability or tax assets totally depending on the temporary difference which means the difference between book value and tax valued.
Is bank loan a current liability?
That depends on the term of the loan. Let's define Current Liability and Long-Term LiabilityA current liability is any liability that will be paid off within one year (or less) or one accounting cycle. A bank loan, if is financed for One Year or less, would be classified as a Current Liability.A Long-Term Liability is anything OVER a year. So if the bank loan is financed for more than one year, it will then be classified as a Long-Term Liability.
Define what is meant by scarcity when referring to the economic problem?
Scarcity is our limited resources but unlimited wants.The problem of scarcity is that our wants are always beyond what we can produce with our resources.
What are the drawbacks of a Home Owners Association dropping liability insurance?
Without liability insurance, should there be any accident on the property, the association will be liable to pay for defending the claim, and potentially the claim for damages.Often the trade-off between liability insurance premiums and the hourly rate for defense attorneys indicate the it's less expensive to pay the liability insurance premiums.Your governing documents will help you define your requirement as an association insofar as carrying liability insurance is concerned. Usually, carrying it is mandatory.
