0
What liability refers to a financial liability brought on by a loss that has resulted from illegal improper or incorrect payments?
Wiki User
∙ 11y ago
Verified answer
Pecuniary
Wiki User
∙ 11y ago
This liability is typically referred to as contingencies. These are potential liabilities that may arise from past events where the outcome is uncertain, often related to illegal, improper, or incorrect payments. It is important for organizations to disclose these contingencies in their financial statements to provide transparency to stakeholders.
Anonymous
PECUNIARY LIABILITY
What has changed the ability of DoD officials to verify that each payment is accurate and legal?
The introduction of automated systems and data analytics tools has improved the ability of DoD officials to verify the accuracy and legality of payments by enabling faster and more comprehensive analysis of financial transactions. Additionally, increased oversight and audits have helped to enhance the transparency and accountability of financial processes within the DoD.
What does payments received pursuant to court order mean?
Payments received pursuant to a court order refer to financial transfers that are mandated by a legal ruling. These payments are typically required in order to comply with a court judgment or settlement agreement, and failure to make them can result in legal consequences.
What do you do to avoid garnishment for victim restitution?
To avoid garnishment for victim restitution, you should ensure timely payments, communicate with the restitution office to set up a reasonable payment plan if needed, and prioritize restitution payments to avoid falling behind. It's also crucial to seek legal advice or assistance if you are facing financial difficulties that may impact your ability to make payments.
What are survivor benefits?
Survivor benefits are payments provided by Social Security to a spouse, ex-spouse, or dependent children when a worker dies. These benefits help provide financial support to family members who relied on the deceased person's income. The amount of survivor benefits received is based on the earnings record of the deceased person.
How do you get money out of a structured settlement?
To get money out of a structured settlement, you can either sell your future payments to a buyer in exchange for a lump sum, or take out a loan using your structured settlement as collateral. Be sure to consult with a financial advisor or settlement specialist to explore your options and consider the potential impact on your financial future.
Liability refers to a financial liability brought on by a loss that has resulted from illegal improper or incorrect payments?
Pecuniary
A financial liability brought on by a loss that has resulted from illegal improper or incorrect payments refers to a?
Pecuniary
Are accountable officials pecuniary liable for illegal improper or incorrect payments as a result of negligence performance of Accountable Official duties?
Yes, accountable officials can be held pecuniary liable for illegal, improper, or incorrect payments that occur as a result of negligence in performing their duties. They have a responsibility to ensure that payments are made in accordance with the law and regulations, and any failures to do so may result in financial penalties or other legal consequences.
What is true about accountable officials and certifying officials?
They are pecuniarily liable for all illegal, improper or incorrect payments
Are accountable officials pecuniary liable for illegal improper or incorrect payments as a result of negligent performance of accountable official duties?
Yes
Accountable officials are pecuniary liable for illegal improper or incorrect payments as a result of negligent performance of accountable official duties?
Yes
Are accountable officials are pecuniary liable for illegal improper or incorrect payments as a result of negligent performance of accountable official duties?
Yes
True or False Accountable Officials are pecuniary liable for illegal improper or incorrect payments as a result of negligent performance of Accountble Official duties?
True
What is a Certifying Officer's Maximunm level of percuniary liability with regards to erroneous payments?
A Certifying Officer's maximum level of pecuniary liability for erroneous payments is typically limited to the amount of the payment made. They could be held personally liable for the amount if they knowingly or negligently authorized a payment that was improper or not supported by adequate documentation.
Would extra payments made on a credit card be an asset liability income or expense?
liability
Who has pecuniary liability for erroneous payments?
Certifying Officers have pecuniary liability for erroneous payments.Certifying Officers
Where can someone estimate their Tax Liability online?
You can estimate your Tax Liability online on Virginia.gov. Tax Liability online helps you to determine your estimated tax liability and how many payments you should make.
