Sentence examples for the amount of liability from inspiring English sources

The amount of liability may also be determined by reference to a statute.

The yearly premium for punitive-damage coverage starts at about $1,500, Mr. Eveleigh said, depending on the deductible and the amount of liability coverage.

The company said it would add $850 million before taxes to its reserves of $335 million to settle the claims, and that it had no estimate for the amount of liability it would still face after 2003.

While it is generally assumed BP is responsible for all costs associated with the cleanup, White House press secretary Robert Gibbs was asked Monday whether the Oil Pollution Act of 1990 limits the amount of liability assessed to a company at $75 million, that is, beyond the initial cleanup cost.

You need to understand how much a company is worth by subtracting the amount of liabilities that a company has from the company's total assets.

Reducing the amount of the liability caused an increase in net income.

If at the time of proof the amount of the liability is still undetermined, many laws provide that it may be estimated.

In one case, however, the board concluded that a client of KPMG had recorded a liability improperly, but KPMG disagreed and the staff of the Securities and Exchange Commission agreed with the accounting firm, although in the end it did force a change in the amount of the liability, according to the report.

The authors also suggested potentially lowering the minimum amount of liability insurance that lower-income households are required to purchase.

Merck says it cannot yet reasonably estimate the amount of the Vioxx liability in order to take reserves.

They add: "Due to the complexity of our claim and Raytheon's counterclaim we are unable to quantify the amount of this contingent liability".