statement of liability

USAGE SUMMARY

The phrase "statement of liability" is correct and usable in written English.
It can be used in legal, financial, or insurance contexts to refer to a document that outlines the responsibilities and obligations of a party in relation to potential liabilities. Example: "Before signing the contract, please review the statement of liability to understand your responsibilities in case of an accident."

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

Statement of Liability and Indemnity.

SEP

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

You need to see tax returns, profit and loss statements and a statement of liabilities.

WikiHow

In the Philippines, senior officials are required to file a statement of assets, liabilities and net worth each year in order to verify that they are not enriching themselves from their government positions.

The New York Times

In the Philippines, senior officials are required to file a statement of assets, liabilities and net worth each year to verify that they are not enriching themselves from their positions.

The New York Times

First it offers companies a "safe harbor" provision that leaves room for announcing forward-looking statements without the threat of liability.

Forbes

This conclusion was duly incorporated into the Treaty of Versailles, led by Clemenceau and Lloyd George who were both insistent on the inclusion of an unequivocal statement of Germany's total liability.

Wikipedia

The News International statement said an unreserved apology, admission of liability and compensation was being offered "in certain civil cases that meet specific criteria", but that the company would "continue to contest cases that we believe are without merit or where we are not responsible".

The Guardian

Several lawyers said the city's statements could be construed as admissions of liability or culpability in the civil cases that the families have promised to file.

The New York Times

However, the offer was accompanied by the usual statement that this is not an admission of liability.

The Guardian - Money

The settlement will be submitted to the Baltimore Board of Estimates for a vote on Wednesday, the office of Mayor Stephanie Rawlingsaidake sain in a statement, adding that the deal is not an admission of liability by the city.

Vice

According to Friday's filing, the bankruptcy court has granted the company extra time to file its schedules of assets and liabilities and statement of financial affairs.

The Guardian

Expert writing Tips

Best practice

When drafting a "statement of liability", clearly define the scope and limitations of the responsibilities being outlined to avoid future disputes. Use precise language and avoid ambiguity.

Common error

Avoid using overly broad or vague language in a "statement of liability". This can lead to unintended consequences and increased exposure to risk. Be specific and detail the exact liabilities covered.

Linguistic Context

The phrase "statement of liability" functions as a noun phrase that identifies a formal declaration or document outlining the extent and nature of legal or financial responsibilities. This is supported by Ludwig, which confirms its usability in various contexts.

Expression frequency: Common

Frequent in

News & Media

35%

Science

33%

Wiki

17%

Less common in

Formal & Business

5%

Encyclopedias

5%

Reference

5%

Ludwig's WRAP-UP

The phrase "statement of liability" is a grammatically sound and frequently used term, especially within legal, financial, and insurance domains. Ludwig AI affirms its correct usage. It functions to define and assign responsibilities, clarifying obligations among parties to mitigate potential future disputes. While versatile, precise and clear language is paramount to avoid ambiguity. Alternatives such as "liability declaration" or "admission of liability" can be used depending on the specific context. Authoritative sources like The New York Times and The Guardian frequently employ this phrase, underscoring its relevance in professional communications.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

liability declaration

This alternative is a more concise term for a formal declaration of responsibility.

admission of liability

This alternative focuses on acknowledging responsibility for something.

acknowledgement of responsibility

This alternative highlights the act of recognizing and accepting responsibility.

acceptance of liability

This alternative emphasizes the act of taking on the responsibility.

declaration of responsibility

This alternative uses "responsibility" instead of "liability", broadening the scope slightly.

legal responsibility statement

This alternative emphasizes the legal aspect of the responsibility.

financial liability statement

This alternative specifies the financial aspect of the liability.

liability disclaimer

This alternative is the opposite, referring to a statement denying liability.

indemnity statement

This alternative refers to a statement related to indemnification against liability.

waiver of liability

This alternative refers to the act of voluntarily relinquishing a known right or claim.

FAQs

What is a "statement of liability"?

A "statement of liability" is a document outlining the responsibilities and obligations of a party concerning potential liabilities. It's commonly used in legal, financial, and insurance contexts.

What are some alternatives to "statement of liability"?

You can use alternatives like "liability declaration", "admission of liability", or "acknowledgement of responsibility" depending on the specific context.

How does a "statement of liability" differ from a "liability disclaimer"?

A "statement of liability" outlines responsibilities, while a "liability disclaimer" is a statement that denies or limits responsibility.

In what contexts is a "statement of liability" typically used?

It is typically used in legal contracts, financial agreements, and insurance policies to clearly define who is responsible for what in case of specific events or incidents.