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In return for making the funds available to historic-preservation projects, the bank reduces its liability for federal income taxes.
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The deal was described at the time as a way for the trash authority to lower its maintenance costs and reduce its liability.
As part of the administration's effort to reduce its liability costs, Mayor Michael R. Bloomberg has asked the Council to consider having homeowners and business owners bear some financial responsibility for lawsuits by people who trip and fall on sidewalk cracks.
Earlier, the Department of Regional Development lost a legal argument seeking to reduce its liability.
Yet Vizio alleges that LeEco never intended to pay the entire $100 million and purposed the deal in an effort to reduce its liability by 60percentt.
Sprint has also owned more than a 50percentt stake in Clearwire in the past, but backed off last June in a move intended to reduce its liability for Clearwire's debt obligations at the time, according to Fierce Wireless.
By sharing employment with a Professional Employer Organization (PEO), your business is reducing its liability.
Where Network Rail has previously borrowed relatively freely, it is now coming under pressure to reduce its liabilities since these were added to the government balance sheet last September, effectively nationalising the company.
A CVA allows a company in financial difficulty to reach a deal with creditors, including landlords, about reducing its liabilities.
Last week, Fannie Mae repurchased $846 million of its debt in a move that would help reduce its liabilities to match the mortgage prepayments.
A CVA allows a company in financial difficulty to reach a deal with creditors, including landlords, to reduce its liabilities while still trading.
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