absorb liability

USAGE SUMMARY

The phrase "absorb liability" is correct and usable in written English.
It can be used in legal or business contexts to indicate that one party is taking on the responsibility for potential losses or damages. Example: "In the contract, the supplier agrees to absorb liability for any defects in the products provided."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

The club also absorbs liability, maintenance and storage costs.

BBC

Today, the credit card issuers generally absorb the liability if a credit card is swiped in person and the transaction turns out to be fraudulent.

Forbes

In fact, the producers, apparently unwilling to absorb the liability of having him infect others, gave him two options: perform solo or go home.

Los Angeles Times

But it is equally possible that core countries like Germany, Finland and the Netherlands will become even more reluctant to absorb the liabilities of busted peripheral banks.

The New York Times

BP generates enough cash to absorb its liabilities from the oil gusher in the Gulf of Mexico.

Huffington Post

Suffolk, officials said, wants Albany to create a special erosion-control authority to collect Fire Island's taxes and absorb the financial liability if its residents fail to pay.

The New York Times

For a company like BP, $75 million is truly a drop in the bucket: In 2009, BP's daily profits averaged $93 million a day -- which means they could absorb their entire liability losses in 24 hours and still have $18 million to spare.

Huffington Post

Foxconn has the balance sheet strength to absorb Sharp's liabilities, and in exchange for rescuing Corporate Japan's bailout baby (Sharp has had two private bank bailouts in the last four years and had an offer on the table in January for an additional Y200 investment from Japan's state-owend INCJ fund) Foxconn gets valuable technology.

Forbes

He will solve the problem of sexual harassment in the workplace by starting a temp agency that offers the services of "lightning rods": women who provide sex on-site and therefore absorb all the destructive liability of male desire.

The New York Times - Books

It said that Travcoa doesn't guarantee departures that include a chartered boat or aircraft because they are too large a financial liability to absorb if that part of the journey is canceled.

The New York Times

A demand by international lenders to make the Bank of Cyprus absorb some of the liabilities associated with Laiki was one sticking point in the talks Sunday night.

The New York Times

Expert writing Tips

Best practice

When using "absorb liability" in contracts, clearly define the scope of liability being absorbed to avoid future disputes. For example, specify whether it includes legal fees, settlements, or other associated costs.

Common error

Avoid using overly broad liability clauses when aiming for "absorb liability". Clearly define the specific types and limits of liabilities being absorbed to prevent unintended financial burdens or legal challenges.

Linguistic Context

The phrase "absorb liability" functions as a verb phrase followed by a noun, indicating the action of taking on or assuming responsibility for a debt, loss, or obligation. This is often used in legal, financial, and business contexts to describe the acceptance of potential risks or financial burdens.

Expression frequency: Rare

Frequent in

News & Media

30%

Formal & Business

25%

Science

15%

Less common in

Encyclopedias

10%

Wiki

10%

Academia

10%

Ludwig's WRAP-UP

The phrase "absorb liability" refers to taking on or accepting responsibility for potential losses or damages, frequently used in legal and business contexts. While Ludwig AI shows it's grammatically correct, it is relatively rare. The phrase is most commonly found in news articles, formal business documents, and legal agreements. To effectively use the phrase, ensure that the scope of liability is clearly defined. Alternatives such as "assume responsibility for debt" and "shoulder the burden of legal claims" can be used depending on the specific context. Avoiding overly broad liability clauses is crucial to prevent unintended consequences.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

assume responsibility for debt

Focuses more on taking ownership of debt-related liabilities.

shoulder the burden of legal claims

Emphasizes the weight and impact of dealing with legal liabilities.

take on financial accountability

Highlights the aspect of being responsible for financial outcomes.

cover the cost of damages

Specifically addresses the financial aspect of covering potential damage costs.

manage potential losses

Focuses on managing and mitigating potential financial losses.

bear the risk of legal action

Highlights the acceptance of the risk associated with potential legal action.

internalize the risk

Emphasizes incorporating the risk within the organization itself.

mitigate financial exposure

Focuses on reducing the extent of potential financial risk.

handle the responsibilities

A more general approach to dealing with related responsibilities.

underwrite potential losses

Focuses on accepting and covering potential financial losses, especially in insurance or finance.

FAQs

What does it mean to "absorb liability" in a legal context?

In a legal context, to "absorb liability" means to take on or accept responsibility for potential losses, damages, or legal claims. It implies that one party agrees to cover the costs and consequences associated with a particular liability.

What are some alternatives to saying "absorb liability"?

Alternatives to "absorb liability" include "assume responsibility for debt", "shoulder the burden of legal claims", or "take on financial accountability", depending on the specific context.

How can a company "absorb liability" effectively?

A company can effectively "absorb liability" by clearly defining the terms in contracts, obtaining adequate insurance coverage, and implementing robust risk management strategies to mitigate potential losses.

Is there a difference between "absorb liability" and "mitigate liability"?

"Absorb liability" means to take on the responsibility, while "mitigate liability" means to take steps to reduce or minimize the extent of potential liability. They are related but have different focuses; one accepts the responsibility, while the other tries to lessen its impact.