Sentence examples for of its liabilities from inspiring English sources
The city is seeking to have a big chunk of its liabilities, including the pensions it owes to city employees and retirees, written down significantly.
It froze the value of existing policies and looked for a buyer; when none could be found it closed its doors to new business.The insurer accuses Ernst & Young of failing to inform it adequately about the size of its liabilities and the risk posed by the trial, and the directors of acting negligently by failing to get legal advice.
Then there is the question of the fine per barrel, which depends on an assessment of the company's culpability: it could be up to $4,300, giving a total of around $15 billion, on which there would be no tax relief.BP intends to use its second-quarter figures, due on July 27th, to provide its own assessment of its liabilities, and to show that it can meet them.
This will probably not change as a result of the bankruptcy filing: indeed, by allowing AMR to shake off some of its liabilities and cut its future costs, it will be in a better position to pay for those shiny new planes.
It issued a statement saying: "Whilst the ruling does not reflect MMI's favoured outcome, we welcome the clarity this judgment brings as it enables MMI to determine the extent of its liabilities and the available options for the future of MMI and its business.
It uses various measures to match the duration of its liabilities with its assets.
However questionable its behavior, BP is entitled to have its side of the Gulf spill story heard, including what it believes to be the scope of its liability.
Indeed, Ford may have transferred some of its liability to owners of sport utilities.
In return, the oil industry was relieved of most of its liability for petroleum contamination.
In the mid-1980's, the company faced bankruptcy after the cancellation of its liability insurance for removing asbestos.
The pension scheme thus knows the maximum extent of its liability; the counterparty is gambling that there will not be a sudden further improvement in mortality.
