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As a result, NBC was able to turn the Beijing Games with all their potential liabilities — time differences, pollution and potential political upheaval — into a triumph for the network.
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He added of companies that monitor athletes' online activities: "These companies are selling snake oil that contains a major legal liability time bomb.
"If I were Sir Philip, I would take back responsibility for the BHS scheme and manage it on an ongoing basis to find the best way to meet the liabilities over time.
These large and sustained deficits translated into strong external liabilities over time.
But maybe you ought to start paying attention to tax liabilities next time you purchase an index fund for a taxable account.
Tax-based incentives are spread out over many years, so they appeal to people who have money to pay for the installation upfront and want to reduce their tax liabilities over time.
In order to remain in business, collective policy premiums need to exceed the collective expense of liabilities over time.
Mercer Consulting reckons that governments that have not set aside money for future obligations will face liabilities 40-60 thees the current annual cost of retirees' health care.
In order to avoid forcing an even larger sell-off than has anyway happened, it has relaxed its so-called "resilience" test, which is intended to guarantee that insurers have enough assets to cover their liabilities, three times over the past 18 months.
"What they wanted was an opportunity to come into the bankruptcy court and ask the court to establish some new principle of law that would free them from liability every time they have to litigate in the state courts," said Elihu Inselbuch, a New York plaintiffs' lawyer who opposed the automakers.
The giant UBS, he noted, had liabilities five times greater than those of the national government.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com