The phrase "actual liability" is correct and usable in written English.
It can be used in legal or financial contexts to refer to the real or existing responsibility for something, often in relation to debts or obligations.
Example: "The company must assess its actual liability before proceeding with the merger to ensure it can meet its financial obligations."
Alternatives: "real liability" or "existing liability".
We arrived at a settlement of $400,000, so there was never a legal determination as to whether there was actual liability or not".
In practice, the existing system has not proven very workable from the standpoint of investors, since it almost ensures an enormous gap between disclosure and actual liability.
Moreover, according to the critics, preferential treatment confounded desert by severing reward from a "person's character, talents, choices and abilities" (Simon 1979, 96), by "subordinating merit, conduct, and character to race" (Eastland and Bennett 1979, 144), and by disconnecting outcomes from actual liability and damage (Gross 1978, 125 42).
Is disaffection deep and powerful enough to render the traditional assets of a potential president -- experience, temperament, solidity -- an actual liability?
Is disaffection deep and powerful enough to render the traditional assets of a potential president -- experience, temperament, solidity -- an actual liability?" Former Obama adviser Ben LaBolt concurs.
So when the bubble burst, contingent liabilities became actual liabilities in short order.
Such collateral should, in principle, diminish Enron's actual liabilities to the derivatives market, he said.
Barclays' analysts considered the process to be "relatively uneventful" given how small the actual liabilities are.
The Budget Calculator, devised by Deloitte LLP, is indicative and should not be used to calculate actual liabilities, determine any financial strategy or as a substitute for professional advice.
The eponymous record store is independent (of course), yet somehow manages to employ about a dozen 20-somethings and teenagers who are at best incompetent and at worst actual liabilities to the store.
The eponymous record store is independent (of course), yet somehow manages to employ about a dozen twentysomethings and teenagers who are at best incompetent and at worst actual liabilities to the store.
