take liabilities

USAGE SUMMARY

"take liabilities" is a grammatically correct phrase and can be used in written English.
For example, "The company decided to take liabilities for any damage caused by the construction."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

The banks, say Enron investors, worked with Enron by entering into partnerships and transactions that enabled the energy company to take liabilities off its books, recording revenue from the deals when it was actually incurring debt.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

Justice Carlos R. Moreno, in dissent, scoffed at that argument, saying it was hard to believe someone would take liability into account in deciding whether to get tested.

The New York Times - Health

To Pinsky and the city, these demands — and the twenty-million-dollar penalty if the City Council's approval was delayed — were "not uncommon," since developers often "take liability for public approvals".

The New Yorker

DETROIT, Sept. 28 — United Automobile Workers leaders at General Motors unanimously approved on Friday a new four-year pact that calls for G.M. to invest $29.9 billion in a health care trust that would take liability for some retiree benefits off the company's books.

The New York Times

Forbes: They said, "Take liability".

Forbes

Yet while the risk may be slim, any business owner still needs to take liability matters seriously.

Huffington Post

If you take liability out of the equation, personal auto insurance premiums for owners of self-driving cars would likely become much lower.

Huffington Post

In this situation, informed consent of the offspring receiving the undesirable effects cannot be obtained, and there is uncertainty over who takes liability for genetic damage to be passed down several generations (Rodriguez, 2016).

Protein & Cell

Mooted new accounting rules may increase the size of pension liabilities on firms' balance sheets, and other proposals could exacerbate the effect of swings in the value of stocks and bonds.The third main reason for the explosion in pension buy-outs is a sharp fall in the fee that insurers are charging to take on liabilities.

The Economist

A change in the system of electricity supply involves that citizens cancel existing contracts, sign new ones with a hitherto unproven organization, and often take up liabilities of their own (in the form of credits, buying new equipment, etc).

Energy, Sustainability and Society

High prices, and the fact that many venues require couples to take out liability insurance, feed demand for wedding insurance.

The Economist

Expert writing Tips

Best practice

When discussing financial restructuring or risk management, use “take liabilities” to clearly indicate the assumption of specific obligations or debts.

Common error

Avoid using “take liabilities” as a generic term for handling problems; ensure it refers specifically to assuming financial or legal responsibilities.

Linguistic Context

The phrase "take liabilities" functions as a verb phrase, indicating the action of assuming responsibility for financial or legal obligations. As illustrated by Ludwig, it is used to describe scenarios where entities accept debts or potential risks.

Expression frequency: Common

Frequent in

News & Media

50%

Science

25%

Formal & Business

25%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the phrase "take liabilities" is a common expression used to describe the act of assuming responsibility for financial or legal obligations. According to Ludwig, this phrase is considered grammatically correct and appears frequently in news and business contexts. While interchangeable with alternatives like ""assume liabilities"" or ""shoulder liabilities"", it's essential to use it accurately, ensuring it reflects the specific scenario of assuming a defined debt or obligation. Misuse can lead to miscommunication, especially in financial or legal discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

assume liabilities

Focuses on the act of accepting legal or financial responsibilities.

accept liabilities

Emphasizes the agreement to be responsible for liabilities.

shoulder liabilities

Implies bearing the weight or burden of liabilities.

undertake liabilities

Suggests a formal commitment to manage liabilities.

incur liabilities

Highlights the action that leads to the creation of liabilities.

take on debts

Specifically refers to assuming financial obligations.

absorb liabilities

Conveys the idea of incorporating liabilities into a larger entity.

manage liabilities

Focuses on controlling and dealing with existing liabilities.

handle liabilities

Implies dealing with liabilities in a practical manner.

own liabilities

Highlights the acknowledgement of responsibility for liabilities.

FAQs

What does it mean to "take liabilities" in a business context?

In a business context, to "take liabilities" means to assume responsibility for debts, obligations, or potential financial risks. This can occur through acquisitions, mergers, or agreements to cover existing obligations.

When might a company decide to "take liabilities" from another entity?

A company might decide to "take liabilities" from another entity as part of a strategic acquisition, a bailout agreement, or a restructuring plan to consolidate debts and improve the financial health of the overall organization.

Are there any risks associated with deciding to "take liabilities"?

Yes, there are significant risks. If the liabilities are larger than anticipated or the entity assuming them lacks sufficient resources, it could lead to financial strain, bankruptcy, or legal challenges. Careful due diligence is essential.

What are some alternative phrases for "take liabilities" that I can use in my writing?

Depending on the specific context, you could use phrases like "assume liabilities", "shoulder liabilities", or "accept liabilities" to convey similar meanings with slightly different nuances.