liability for payment

USAGE SUMMARY

The phrase "liability for payment" is correct and usable in written English.
It can be used in legal or financial contexts to refer to the obligation to make a payment. Example: "The contract clearly states the liability for payment lies with the buyer upon delivery of the goods."

✓ Grammatically correct

Academia

News & Media

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

7 human-written examples

Licensee's liability for payment.

Cornell University

§ 3.76 Licensee's liability for payment.

Cornell University

47 CFR § 3.76 - Licensee's liability for payment.

Cornell University

L. 108 357, § 843(a)(1), substituted "make payment on" for "satisfy liability for payment of" and inserted "full or partial" after "facilitate".

Cornell University

2353, struck out item 2210 "Liability for payment in case of transfer of employer securities to an employee stock ownership plan or a worker-owned cooperative".

Cornell University

Under F.H.A. rules, once a new borrower is found to be creditworthy enough to assume a loan, the lender must release the seller from any future liability for payment of that loan.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

Since then, Mr. Chang has cooperated with prosecutors under a plea agreement that noted his possible criminal liability for "payments made to a certain former government employee".

The New York Times

The judge said Grint wished to bring forward to the earlier year liability for payments on eight months' worth of income otherwise due in the tax year 2010-2011 – the year the top rate of tax rose from 40%to50%0%.

The Guardian - Film

30 Employers are not relieved of liability for the payment of minimum wages or overtime compensation for any time during which an employee engages in such activities thus compensable by contract, custom, or practice.

Cornell University

bonds of the state, whether option bonds or others, was made to operate as a discharge of the company from all liability for the payment of either the principal or interest of an equal amount of the bonds which had been issued for its benefit.

Cornell University

Many people assume that the liability for any payment problems encountered with business credit cards will be at least partially assumed by their companies.

Huffington Post

Expert writing Tips

Best practice

When drafting contracts or legal documents, clearly specify the "liability for payment", including the responsible party, amount, and payment terms to avoid future disputes.

Common error

Avoid assuming that "liability for payment" automatically includes all associated costs. Explicitly outline which expenses, such as interest or late fees, are covered under the liability agreement.

Linguistic Context

The phrase "liability for payment" functions as a noun phrase, identifying the legal responsibility or obligation to make a payment. Ludwig examples show its use in legal and financial contexts.

Expression frequency: Uncommon

Frequent in

Academia

33%

News & Media

33%

Encyclopedias

33%

Less common in

Formal & Business

0%

Science

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "liability for payment" is a grammatically sound noun phrase used to denote the legal or contractual obligation to make a payment. As Ludwig AI indicates, it's commonly found in legal and financial contexts. While examples are somewhat limited, its usage is consistent across academia, news media, and encyclopedias. For alternatives, consider "payment obligation" or "responsibility to pay". When using this phrase, ensure the agreement clearly specifies the scope of the liability and all associated costs to avoid potential disputes.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment obligation

Focuses on the duty to pay, rather than the legal responsibility.

responsibility to pay

Emphasizes the duty to fulfill a financial obligation.

duty of payment

Highlights the legal or moral obligation to make a payment.

financial responsibility

Broader term encompassing all financial duties, including payment.

monetary obligation

Specifically refers to obligations involving money.

debt liability

Focuses on the responsibility for a debt.

payment accountability

Highlights the responsibility to account for payments.

fiscal liability

Related to financial matters, especially government or company finance.

financial exposure

Describes the potential for financial loss or obligation.

payment commitment

Emphasizes a binding agreement to make a payment.

FAQs

What does "liability for payment" mean in a contract?

In a contract, "liability for payment" refers to the legal obligation of a party to make a payment as specified in the agreement. It defines who is responsible for paying what amount and when.

What are some alternatives to saying "liability for payment"?

You can use alternatives like "payment obligation", "responsibility to pay", or "duty of payment" depending on the context.

How is "liability for payment" determined?

The "liability for payment" is typically determined by the terms of a contract, agreement, or legal statute. It specifies who is responsible for making the payment based on the agreed-upon conditions.

What happens if someone defaults on their "liability for payment"?

If someone defaults on their "liability for payment", they may face legal consequences such as lawsuits, debt collection, or other penalties as outlined in the contract or by law.