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135 Sentences With "financial liability"

How to use financial liability in a sentence? Find typical usage patterns (collocations)/phrases/context for "financial liability" and check conjugation/comparative form for "financial liability". Mastering all the usages of "financial liability" from sentence examples published by news publications.

That should include financial liability as well as medical risk.
But with the season suspended, that's now a financial liability.
He also suggested that Greenland is a financial liability to Denmark.
Or are they possibly distancing the bureau from the inevitable financial liability to come?
Our recommendation is long-term, low-interest loans that will protect taxpayers from financial liability.
The military's financial liability on PFAS is already expected to exceed its original $28503 billion estimate.
The military's financial liability on PFAS is already expected to exceed its original $2 billion estimate.
"Each open pit is a financial liability for government for life," Lopez told a media briefing.
Before the Affordable Care Act, my daughter was a financial liability the moment she was born.
You can face personal financial liability even if you yourself did not benefit from the leaked information.
VICE News spoke to researcher Marshall Burke about why a warming world is such a huge financial liability.
The stakes for the Times in Palin's case go beyond any financial liability that the paper could face.
It was not immediately clear whether Intel would face any significant financial liability arising from the reported flaw.
Barwa said it would use the money to refinance an existing Islamic financial liability but did not provide further details.
The unlimited financial liability and litigation risk imposed under these regulations is too much for such "Good Samaritan" groups to take on.
You arrive as the most quotidian and morbid of figures, an insurance adjuster assigned to calculate the financial liability of the East India Company.
That argument goes only so far in blocking forfeiture, however, because Congress has taken an expansive view on a defendant's financial liability for violations.
And the ATA's triple damages provision all but guarantees that, however slim the odds of losing may seem, the resulting financial liability will be crippling.
Did they conspire with the NFL to downplay and deny the problem, limiting their financial liability, or perhaps just follow the league's all-too-convenient lead?
The emergence of individual suits, furthermore, may increase a defendant's financial liability; for plaintiffs who opt out have considerable leverage and, as a result, may obtain outsized recoveries.
Tote has blamed the accident on a loss of power due to unknown causes and has invoked a 19th-century maritime law that would limit its financial liability.
"GAM's position, supported by its external auditors and an independent expert, is that no financial liability should be recognised until performance fees crystallise," the Swiss asset manager said.
This system has been a source of financial instability where the banks' ability to create money out of nothing has become a financial liability for the American taxpayers.
Other organizations in the crosshairs of litigation have argued in court that their nonprofits serve the needy and the potential financial liability for their pensions could be devastating.
The bill would follow federal law in granting social media platforms and other websites some immunity from financial liability, holding only the person who posted the media responsible.
"Any one accreditor is incredibly important to the financial liability to the school and safeguarding that taxpayer investment," said Clare McCann, deputy director for federal policy at New America.
Despite the enthusiasm, Michael Regan, chief scientist at the Australian Road Research Board, who oversaw the survey, told Mashable that respondents had reservations ranging from security to financial liability.
Through the imposition of financial liability, our legal system encourages businesses to reduce harm to consumers by making their products safer and disclosing the risks associated with their use.
Mr. Siegel said it became clear during negotiations that if Ms. Hickox allowed the state to escape financial liability, she could do something more important: bring about systemic change.
The language may vary, but the restrictions have a specific purpose: to smother scandal and protect schools from financial liability when they are accused of using fraudulent or deceptive practices.
In public hearings, Republicans have repeatedly pressed Kobach's office to respond to concerns about the financial liability they fear the state could face in the aftermath of a future data breach.
And it is significant for another reason: It shows that data breaches can be not just a public relations liability, destroying consumer trust in the organization, but a financial liability, too.
But several other lawsuits did not settle before Inauguration Day -- leaving the President not only exposed to potential financial liability, but facing future depositions or even a trial or two while office.
In order to prevent the Catholic Church from suffering bad publicity or financial liability, the panel claimed that a series of bishops and other diocesan leaders attempted to hide the alleged abuse.
The plaintiffs' lawyers suffered an embarrassing setback last month in the first federal case brought against G.M., a trial meant to determine the strength of their claims and G.M.'s potential financial liability.
For example, the proper supervision of criminal law does not demand freedom for the President to act with the intention of shielding himself from criminal punishment, avoiding financial liability, or preventing personal embarrassment.
Both versions of the sexual harassment bill Congress is weighing are intended to improve the reporting process for potential victims, increase transparency around settlements, and increase lawmakers' financial liability if they face such allegations.
"The proper supervision of criminal law does not demand freedom for the President to act with the intention of shielding himself from criminal punishment, avoiding financial liability, or preventing personal embarrassment," the report states.
These measures contain the main protections for those with pre-existing conditions, as well as more general consumer protections that ensure enrollees get comprehensive benefits and limit their financial liability if they get sick.
But several remaining lawsuits do not appear anywhere close to resolution -- leaving the soon-to-be-president not only exposed to potential financial liability, but facing a deposition or even trial once in office.
Key House and Senate panels have approved proposals that would limit patients' financial liability if they visit an out-of-network hospital or are treated by an out-of-network provider during an emergency.
The expectation placed on me — and that I placed on myself — to write these books well soared; I had the sinking suspicion I was on the verge of being an acquisitions pariah, a financial liability.
Chapter 14 would include a stay on termination rights of parties who are involved in derivatives contracts with the failing firm, and the financial liability would rest with the company's shareholders, management and certain creditors.
Regarding its overwhelming financial liability, Facebook conceded in the Fraley litigation that its headquarters presence in California subjects it to state laws, including an "inalienable right to privacy," which includes children and applies to private parties.
China will not solve the North Korea problem for the United States until China sees the Kim regime as a financial liability, a threat to its own security or a threat to stability along its own border.
LIQUIDITY Satisfactory Liquidity: Fitch views Voyage's liquidity as satisfactory with cash-on-balance sheet of GBP5003 million at end-September 2017, and an undrawn revolving credit facility of GBP28 million, in the absence of short-term financial liability.
Politicians also bully, he says, citing pressure last year on EDF, forcing it to agree against managers' wishes to finance and build Hinkley Point C, a nuclear power station in Britain that risks becoming a huge financial liability.
That defense was first permitted by the Supreme Court in a ruling in 1967 designed to shield the police from financial liability: The court decided that if officers were not immune, they might be disinclined to do their duty.
The current federal program, which owes taxpayers over $20 billion – not including the $85033 billion in loans that were forgiven in 2018 – and is losing $600 million annually, has clearly been a financial liability for more than a decade.
Further, Cooper said, he believed Hilliard may have reached a deal with GM to structure a series of bellwether, or test, trials to limit financial liability for the automaker, which recalled 2.6 million vehicles with the defective part in 2014.
They argue the medical groups would be forced to violate their religious beliefs "and perform harmful medical transition procedures or else suffer massive financial liability," according to the lawsuit filed in the U.S. District Court for the Northern District of Texas.
Those who used the database — companies including Google, Amazon, Mitsubishi Electric, Tencent and SenseTime — appear to have been unaware of the law, and as a result may have huge financial liability, according to several lawyers and law professors familiar with the legislation.
Marfrig said that its chairman, Marcos Molina dos Santos, had reached an agreement with federal prosecutors in May that he would pay back any eventual damages determined by a court, but that his deal protects the company from legal and financial liability.
By the early 1990s, Mr. Trump had amassed hundreds of millions of dollars in personal financial liability and had lost money on casinos, his Plaza Hotel property in Manhattan and his airline, though precisely how he reflected those losses on his taxes is not known.
The operators, Ripley Entertainment and Branson Duck Vehicles, filed a lawsuit in federal court on Monday, seeking to take advantage of an 1851 law that could limit their financial liability to the duck boat's value after the crash and any cargo that was on board.
SIX Swiss Exchange said GAM Holding's deal with Cantab — leaving 40% of future performance fees retained by Cantab partners — produced a financial liability that the Swiss company should have recorded at the time of the acquisition, not delayed until the performance fees actually materialise.
It would be a mistake to conflate a platform's ethical duty — whether Grindr should have done more to take down harassing content after it was flagged — with whether the company should bear financial liability, said Lisa Hayes, general counsel for the nonprofit Center of Democracy and Technology.
"These findings are particularly worrisome given that the incidence of emergency department surprise medical bills increased from 211% to 22019% between 2010 and 2016, leading to greater patient financial liability," Dr. Tim Xu of Johns Hopkins University School of Medicine in Baltimore and colleagues write in JAMA Internal Medicine.
The use of qualified immunity as a defense against lawsuits was first permitted by the Supreme Court in a ruling in 1967 designed to shield the police from financial liability: The court decided that if officers were not immune, they might be disinclined to carry out their official duties.
Section II covers liability for personal injury and medical paymentsSection II of a homeowners policy covers legal personal liability (Coverage E) and medical payments to others (Coverage F). Coverage E protects the homeowner from financial liability if a person gets injured and they are at fault, whether it occurs on their property or not.
"This takes G.M. from the bottom of the ninth back to the first inning in regards to financial liability for the ignition switch defect," said Robert C. Hilliard, who represents some plaintiffs against G.M. G.M. said it was reviewing the ruling, but it noted that it did not decide whether the prebankruptcy claims were valid.
Fawell, an Illinois Republican, noted, "Under this bill, all members of Congress, senators, and heads of employing offices are totally shielded from any financial liability resulting from wrongdoing, even in proven cases of egregious violations of the law" — because settlement and award payments would come out of a new fund under the auspices of the Office of Compliance.
The NFL, it appears, does not wish to cater to this particular demographic but they, like the athletes the NFL employs, have made this much clear: The more the NFL tries to pretend the people who support Kaepernick are irrelevant or simply don't exist, the louder they'll get—all the while assuaging concerns that Kaepernick would be a financial liability for ticket sales.
Section 8 (chapters 30-32) identifies the circumstances that determine the mutual responsibility between employer and employee, also financial liability procedures for the damage caused to employee/employer by the employer/employee.
In November 2014, Chirkun was elected to a two-year term, beginning January 2015, representing the 22nd District in the Michigan House of Representatives. In the House, he serves on the House Committees on Communications and Technology, Financial Liability Reform, and Regulatory Reform.
The Oil Pollution act imposes long term impacts due to the potential for unlimited liability and the statute's that hold insurers to serve as guarantors, which has ultimately resulted in the refusal of insurance companies to issue agreements of financial liability to vessel operators and owners. Thus, the inability to acquire proof of financial liability results in vessels not being able to legally enter waters of the United States. Since OPA does not exempt vessel creditors to enter U.S. waters, there is a disincentive for any lender to finance fleet modernization and or replacement. Lastly, OPA has the ability to directly impact the domestic oil production industry due to the rigorous offshore facility provisions.
She specializes in human rights law, public and private international law, and business law. Her research focuses on climate change prevention as well as public and private financial liability for damages caused by extreme weather events. She has also written on the potential adverse effects of trophy hunting to threatened and endangered species.
Private suits make this second purpose easier to implement. # This question is not left to states because the federal government is primarily responsible for protecting against discrimination. The Court also recognized that while this new source of financial liability might affect universities badly, it was up to Congress to weigh that concern.
HighBeam Research. 18 January 2011"GLICKEN ADMITS SOLICITING ILLEGAL DEMOCRAT DONATION.(News)." _Seattle Post-Intelligencer_. Thomson Scientific, Inc. 1998. HighBeam Research. (January 18, 2011). In a hearing report made public in 2014, Thomas Kramer explained that he had lost all financial liability since that event. In August 2017, his house on Star Island was auctioned and sold for $40 million.
However, the little-used Holden Street line was abandoned under Snell. Despite these reforms, the MMTB remained in a poor financial situation, and the shift from purchasing to leasing buses later become a financial liability for the Cain Labor government. Snell was critical to the MMTB's successful involvement in the construction and operation of Hong Kong's Tuen Mun light rail systems.
Libya Post Company is a Libyan joint stock company having its legal personality and independent financial liability. It is affiliated to the LPITC. The Company aims to establish, operate, manage and organize all kinds of different post services including mail financial services at home and foreign level, services and products marketing for public and private bodies and any complementary activity meeting the purposes of the Company.
Online Seward also proposed to acquire British Columbia as a trade-off against the Alabama Claims, but the British were uninterested in this proposal.David E. Shi, "Seward's Attempt to Annex British Columbia, 1865-1869." Pacific Historical Review 47.2 (1978): 217-238. online By 1867, the Russian government saw its North American colony (today Alaska) as a financial liability, and feared eventually losing it if a war broke out with Britain.
FIIA COMMENT. Finnish Institute of International Affairs. 2010. is that Estonia, Latvia, and Lithuania joined freely of their own accord in 1940, and, with the dissolution of the USSR, these countries became newly created entities in 1991. Russia's stance is based upon the desire to avoid financial liability, the view being that acknowledging the Soviet occupation would set the stage for future compensation claims from the Baltic states.
Because of these agreements Germany denied any financial liability for subsequent compensation claims by war crime victims and their family members in subsequent court cases. It also eliminated, in its view, Germany's legal obligation to extradite war criminals to countries like Italy. After repeated cases of Germany being ordered to pay compensation by Italian courts, Germany took the matter to the International Court of Justice, claiming immunity. In 2012 the ICJ ruled in Germany's favour.
The New York Times called the report "the broadest examination yet by a government agency in the United States of child sexual abuse in the Catholic Church." The panel had examined a half-million pages of diocesan documents and interviewed dozens of witnesses. It found that bishops and diocesan leaders aimed to avoid bad publicity and financial liability. Hundreds of known offenders were returned to active ministry after being "laundered" in "treatment facilities".
Rahn (collateral or pledge contract) is property pledged against an obligation.Jamaldeen, Islamic Finance For Dummies, 2012:97 A rahn contract is made in order to secure a financial liability. According to Mecelle, rahn is "to make a property a security in respect of a right of claim, the payment in full of which from the property is permitted." Hadith tradition states that the Islamic prophet Muhammad purchased food grains on credit pledging his armor as rahn.
The owner of a vacant lot in a thriving city must still pay a tax and would rationally perceive the property as a financial liability, encouraging him/her to put the land to use in order to cover the tax. LVT removes financial incentives to hold unused land solely for price appreciation, making more land available for productive uses. Land value tax creates an incentive to convert these sites to more intensive private uses or into public purposes.
Japanese economic involvement in Micronesia began in the late 19th century. Before the establishment of the Mandate, small groups of Japanese entrepreneurs established commercial ventures in German Micronesia and came to control a significant proportion of the trade. However, the economic development of the area was hampered by the distances separating the islands, their small land areas and their small market sizes. The mandate was initially a financial liability for the Japanese government, requiring an annual subsidy from Tokyo.
An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint and several non-limited obligation to meet any insufficiency in the assets of the company to enable settlement of any outstanding financial liability in the event of the company's formal liquidation.
The Pension Protection Act established a safe harbor for employers in the form of a "Qualified Default Investment Alternative", an investment plan that, if chosen by the employer as the default plan for automatically enrolled participants, relieves the employer of financial liability. Under Department of Labor regulations, three main types of investments qualify as QDIAs: lifecycle funds, balanced funds, and managed accounts. QDIAs provide sponsors with fiduciary relief similar to the relief that applies when participants affirmatively elect their investments.
He also acted as Judge for the S. A. Tattersalls Club and for the Onkaparinga Racing Club, and was on the Tattersalls Club Committee for some years, and was re-elected shortly before his death. Between 1880 and April 1882 three of the lessees dropped out for various reasons, leaving only Blackler and Ferry. Several committeemen dropped out, alarmed at the club's ballooning financial liability, leaving the committee short of the quorum necessary to appoint replacements, and the Club had to be re-booted.
Wittenberg earned a Bachelor of Science in Business Management at Indiana University and worked as a licensed insurance agent specializing in health care. He was first elected in 2014, defeating Republican candidate Michael Ryan. During that term he was minority vice chairman of the House Financial Liability Reform Committee and served on the House Insurance and Health Policy committees. In June 2016 Wittenberg became the founding chairperson of the Michigan Gun Violence Prevention Caucus and later that year sponsored a bill to ban assault weapons.
After the Dissolution of the Monasteries in the 16th century the rectory passed into lay hands, and from 1725 to 1844 belonged to the Coussmaker family of Westwood, Surrey. In 1842, when Staines parishioners commuted (ended the main financial liability for and converted) the tithes, the great tithes of Staines alone (excluding the lesser tithes and the two old, seceded parishes) were worth £365 (per annum) which was compensated to the Coussmakers. As in most vicarages, widely (across the parish) the chancel repair liability on the parish's landowners has been since, technically, apportioned.
Thompson's true target may have been the totalizator, not the right of the lessees to charge entrance fees. The council, whose lease contract was found to be wrong in law, rewrote it with allowable charges specified. Between 1880 and December 1881 three of the lessees dropped out for various reasons, leaving only Blackler and Ferry, who were joined by Blackler's son, W. A. Blackler. Several members, alarmed at the club's ballooning financial liability, resigned from the committee, leaving it short of the quorum necessary to appoint replacements, and the Club had to be re-formed.
The U.S. Supreme Court first introduced the qualified immunity doctrine in 1967, originally with the rationale of protecting law enforcement officials from frivolous lawsuits and financial liability in cases where they acted in good faith in unclear legal situations. Starting around 2005, courts increasingly applied the doctrine to cases involving the use of excessive or deadly force by police, leading to widespread criticism that it, in the words of a 2020 Reuters report, "has become a nearly failsafe tool to let police brutality go unpunished and deny victims their constitutional rights".
He sold the Review in 1842 after it had become a financial liability, partly due to the Panic of 1837. As a writer he is best known by his History of New England to the Revolutionary War, in five volumes, of which the first appeared in 1859 and the last posthumously in 1890. The writing of this consumed much of his later life, and he worked with early state sources and made a research trip to England in 1856. He also wrote various works on theology earlier in his career.
There was also a risk that there would be no corporate veil protecting investors from individual legal and financial liability for actions taken by The DAO and by contractors in which The DAO invested. It was unclear if The DAO was selling securities, and if it was, what type of securities those might be. Additionally, to function in the real world, contractors would likely need to convert the invested Ether into real-world currencies. In May 2016, attorney Andrew Hinkes said that those sales of Ether would be likely to depress the value of Ether.
Qualified immunity is a legal doctrine in United States federal law which shields government officials from being held personally liable for discretionary actions performed within their official capacity, unless their actions violate "clearly established" federal law even if their victim's civil rights were violated.63C Am. Jur. 2d Public Officers and Employees § 314-15. The U.S. Supreme Court first introduced the qualified immunity doctrine in 1967, originally with the rationale of protecting law enforcement officials from frivolous lawsuits and financial liability in cases where they acted in good faith in unclear legal situations.
The Yosemite Decimal System, the primary method of rating a route's difficulty used in the United States, was developed into its modern form at Tahquitz. Steve Roper's Fifty Classic Climbs of North America, sponsored and published by the Sierra Club, is still considered one of the definitive rock climbing guidebooks in the United States. Due to an increasing focus on political activity and concerns about financial liability, mountaineering activity in the Sierra Club has subsided since the 1980s. Some chapters, mostly in California, continue to maintain large mountaineering programs.
In this agreement Italy declared "all outstanding claims on the part of the Italian Republic or Italian natural or legal persons against the Federal Republic of Germany or German natural or legal persons to be settled". Because of these agreements Germany denied any financial liability for compensation claims by Italian war crime victims and their family members. It also eliminated Germany's legal obligation to extradite war criminals to Italy. After repeated cases of Germany being ordered to pay compensation by Italian courts, Germany took the matter to the International Court of Justice, claiming immunity.
J. Cowan, and R. T. Moore; judges: William Blackler and J. Cowan; starter: Seth Ferry; race secretaries, John Harvey and W. Gordon. During the following six months several committeemen dropped out, alarmed at the club's ballooning financial liability, leaving the committee short of the quorum necessary to appoint replacements and powerless. The remedy resorted to was to re-form the Club, with the following elected pro tem: Stewards: J. Pile, H. Hughes, J.P., W. Cavenagh, J.P., P. B. Coglin, J.P., J. Crozier, H.T. Morris, J.P., J. A. Ellery, Dr. Cawley, and Messrs. W. E. Ford and J. E. Robertson.
By 1867, the Russian government saw its North American colony (today Alaska) as a financial liability, and feared eventually losing it if a war broke out with Britain. Russian minister Eduard de Stoeckl was instructed to sell Alaska to the United States, and did so deftly, convincing Seward to raise his initial offer from $5 million to $7.2 million. This sum is the inflation-adjusted equivalent to $ in present-day terms. On March 30, 1867, de Stoeckl and Seward signed the treaty, and President Johnson summoned the Senate into session and it approved the Alaska Purchase in 37–2 vote.
The Oil Pollution Act of 1990 (OPA) (101 H.R.1465, P.L. 101-380) was passed by the 101st United States Congress and signed by President George H. W. Bush. It works to avoid oil spills from vessels and facilities by enforcing removal of spilled oil and assigning liability for the cost of cleanup and damage; requires specific operating procedures; defines responsible parties and financial liability; implements processes for measuring damages; specifies damages for which violators are liable; and establishes a fund for damages, cleanup, and removal costs. This statute has resulted in instrumental changes in the oil production, transportation, and distribution industries.
After Barnardo's death, a national memorial was instituted to form a fund of £250,000 to relieve the various institutions of all financial liability and to place the entire work on a permanent basis. William Baker, formerly the chairman of the council, was selected to succeed the founder of the homes as honorary director. Barnardo was the author of 192 books dealing with the charitable work to which he devoted his life. From the foundation of the homes in 1867 to the date of Barnardo's death, nearly 60,000 children had been taken in, most being trained and placed out in life.
Although the President Thein Sein's decision has been widely applauded, experts caution that Sino-Burma relation could be ultimately harmed by the suspension. Nicholas Farrelly, a Southeast Asia specialist at the Australian National University in Canberra said that while there would inevitably be some short-term damage to bilateral relations, pragmatism would override any potential for long-term animosity. The issue is further exacerbated by the massacre of 13 Chinese sailors near Burma-Thailand border. However, should the project be terminated entirely, the Burmese government would face legal and financial liability associated with the investments and prior agreements.
In May 2009, Mr Justice Eady ruled in a preliminary hearing at the Royal Courts of Justice that merely using the phrase "happily promotes bogus treatments" meant that Singh was stating, as a matter of fact (rather than as a matter of personal opinion or metaphor), that the British Chiropractic Association was being consciously dishonest in promoting chiropractic for treating the children's ailments in question. Singh denied he intended any such meaning. Singh decided to appeal against the ruling, which raised substantially the potential financial liability that he would face if he lost the case. Leave to appeal was granted in October 2009.
Although they had earlier discussed a federal civil rights lawsuit, on June 26, 2017, the family released a joint statement with the city of St. Anthony announcing a settlement worth $2.995 million. On June 20, 2017, dashcam footage seen by investigators and members of the courtroom during the trial was released to public. On June 21, 2017, Ramsey County released additional evidence, including footage taken inside Yanez's squad car which shows Diamond Reynolds' daughter comforting her mother after the shooting. In mid-2017, the Saint Anthony city council adjusted the city's police contract so that financial liability falls to its served communities, rather than Saint Anthony itself.
On both the life and casualty sides, the classical function of actuaries is to calculate premiums and reserves for insurance policies covering various risks. On the casualty side, this analysis often involves quantifying the probability of a loss event, called the frequency, and the size of that loss event, called the severity. The amount of time that occurs before the loss event is important, as the insurer will not have to pay anything until after the event has occurred. On the life side, the analysis often involves quantifying how much a potential sum of money or a financial liability will be worth at different points in the future.
International Accounting Standards IAS 32 and 39 define a financial instrument as "any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity".International Accounting Standard (IAS) 32.11 Financial instruments may be categorized by "asset class" depending on whether they are equity-based (reflecting ownership of the issuing entity) or debt-based (reflecting a loan the investor has made to the issuing entity). If the instrument is debt it can be further categorized into short-term (less than one year) or long-term. Foreign exchange instruments and transactions are neither debt- nor equity- based and belong in their own category.
Lord Denning MR held that the promise could be enforced, and that a right of access over ADC's land be made way for. it was also ruled it may have been appropriate for Crabb to pay some amount for the cost of the works in relation to the erection and removal of the fence, but in view of the fact that the land had been unusable for the five or six years the fence had been in place, Crabb had no financial liability in relation to the costs related to the fence being erected or removed. Lawton LJ gave a shorter concurring judgment. Scarman LJ said the following.
The officials of the organisation in the Cadre of Commissioners are appointed by the Central Board under Section 5D for efficient administration of the Act and Schemes. To this end, the commissioners of the organisation are vested with vast powers under the statute conferring quasi-judicial authority for assessment of financial liability on the employer, search and seizure of records, levy of damages, attachment and auction of a defaulter's property, prosecution and arrest and detention of defaulters in civil prison etc. Administratively, the organisation is divided into zones which are headed by an Additional Central Provident Fund Commissioner. At present, there are 10 Zones across the country.
They would also form a financial liability to Bute successors, the costs of the continual investment needed to maintain and grow the facilities partially off- setting the huge profits that Bute's son enjoyed from the South Wales coalfields. A subscription was raised across Glamorgan to pay for a statue to be made of him, which was erected in Cardiff's High Street in 1853, outside the town hall. In 2000 the statue, Cardiff's oldest, was moved to Bute Square, but the location was renamed Callaghan Square in 2002, leading to proposals from local officials that Bute's statue might be better relocated once again, potentially to outside Cardiff Castle.
In addition, aircraft usually fly multiple flights in short succession; hence, a delay may cause later flights with the same aircraft to be delayed, or additional aircraft to be chartered on short notice. When no delays are encountered, schedule padding can give the impression that a flight has arrived early at its destination. However, the plane may be required to wait for an available gate or other ground services such as aircraft marshalling. Conservative flight arrival times also help airlines reduce their financial liability under the Flight Compensation Regulation 261/2004, as compensation for delays is calculated based on the scheduled arrival time published by the airline.
In 1880, the GNR applied for Parliamentary sanction to reduce its financial liability for the Thornton to Keighley line on which work was about to begin. It approached the Midland Railway with a proposal to make a joint station at Keighley, to be used by the Midland Railway main line trains, the Worth Valley line trains, and the GNR. The Midland Railway were amenable to this, and by an agreement of 1 June 1881, the Midland granted the GNR the necessary running powers, and agreed to make a new junction station. The agreement was in exchange for the Midland getting running powers to Halifax.
Limited liability is a legal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership. If a company with limited liability is sued, then the claimants are suing the company, not its owners or investors. A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount on the shares in the company, if any. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership.
He held two solo exhibitions as a prodigious painter in high school, but the failure to perform his new concept of installation art discouraged him in such a way that he eventually gave up his art and majored in Politics, Philosophy and Economics at Oxford University.History - Art of Enlightenment and Awakening official website However, after the sudden passing of his father, he was obliged to take on insurmountable financial liability and the responsibility of restructuring his father's legacy, which eventually led him to return to art, expressing the sacred teachings on spiritual transcendence, not only based on his father's teachings, but from his own self-confirmation of the spiritual awakening experience.
When having a female becomes more expensive (due to dowry prices, lack of financial return in the future, educational and health expenses) then the budget curve has to swing inward on the x axis. Even though the budget stays the same, it is relatively more expensive to have a girl than to have a boy. The substitution effect shows that people move from point A on the first indifference curve to point B on the second indifference curve. They move from an already low number of females due to social reasons to even fewer daughters than before due to the added financial liability of daughters being more expensive.
After OPA was enacted, the shipping industry threatened to boycott the ports of the United States to protest this new industry liability in both federal and state laws. In particular, the oil and shipping industries objected to the inconsistency between the OPA and the international, federal and state laws that are impacted. As a result of the OPA enactment, certain insurance companies refused to issue certifications of financial liability under the Oil Pollution Act to avoid potential responsibility and compensation in the case of a disaster. President Bush also predicted that the enactment of the OPA could lead to larger oil shipping companies being replaced by the smaller shipping companies to avoid liability.
In 1994, the bad results of Aerolineas Argentinas, which presented a positive balance in its commercial exploitation but nevertheless hid a significant deficit with losses in non- operating activities, led Iberia to increase its ownership participation to 85%. With this increase in participation, the Argentine state renounced its "golden share", allowing Iberia to have full fiscal control of the company. Iberia began a reduction in the size of the company, a liquidation of the national and overseas offices, and the technical sale of its entire fleet composed of 28 aircraft in a "sale and lease back" operation. Argentine sources indicates that the purchase capital of Aerolíneas Argentinas was charged to its own financial liability.
Anyone being asked to act as a guarantor on a loan should ensure they fully understand their own liability. These loans are sometimes used by angel investors to help out startup companies where the investor is unwilling or unable to provide direct funding. Although these loans can be used to help provide financially responsible individuals with lending they could not otherwise access, it is important to recognize that they still do carry significant risks for the guarantor, who is liable for the full debt amount should the borrower be unable to make repayment. A report suggests that these loans could be as damaging as payday loans, with 43% of guarantors in the study unclear about their financial liability.
The National Childhood Vaccine Injury Act (NCVIA) of 1986 (42 U.S.C. §§ 300aa-1 to 300aa-34) was signed into law by United States President Ronald Reagan as part of a larger health bill on November 14, 1986. NCVIA's purpose was to eliminate the potential financial liability of vaccine manufacturers due to vaccine injury claims in order to ensure a stable market supply of vaccines, and to provide cost-effective arbitration for vaccine injury claims. Under the NCVIA, the National Vaccine Injury Compensation Program (NVICP) was created to provide a federal no-fault system for compensating vaccine-related injuries or death by establishing a claim procedure involving the United States Court of Federal Claims and special masters.
New Zealand's target was expressed as an "assigned amount" of allowed emissions over the five-year 2008–2012 commitment period. The Ministry for Foreign Affairs and Trade (MFAT) believed New Zealand would actually be able to increase emissions and still comply with the Kyoto Protocol as long as more Removal Units were obtained from forest carbon sinks between 2008 and 2012. The chart (right) shows that New Zealand did emit more than 100% of greenhouse gasses (at the 1990 level) during this period. In June 2005, a financial liability under the Kyoto Protocol for a shortfall of emission units of 36.2 million tonnes of -e was first recognised in the Financial Statements of the Government of New Zealand.
Subsequent inquiries revealed that Vector was operating without a license, lookout or properly qualified master. During 1999 the Supreme Court of the Philippines ruled that it was the owners of Vector who were liable to indemnify the victims of the collision. Some of the claims pursued against either Sulpicio Lines or the owners of Vector, such as those filed by the Cañezal family (who lost two members) and the Macasas family (who lost three members) were adjudicated by the Supreme Court, which found that even the families of victims whose names did not appear on the official manifest were entitled to indemnity. Caltex Philippines, which had chartered Vector, was likewise cleared of financial liability.
In the US, manufacturers of security related equipment can apply for protection under the SAFETY act, which limits their financial liability in product liability cases to the amount of their insurance coverage. The Rapiscan Secure 1000 was listed in 2006. In the US, an X-ray system can be considered to comply with requirements for general purpose security screening of humans if the device complies with American National Standards Institute (ANSI) Standard #N43.17. In the most general sense, N43.17 states that a device can be used for general purpose security screening of humans if the dose to the subject is less than 0.25 μSv (25 μrem) per examination and complies with other requirements of the standard.
The Public Readiness and Emergency Preparedness Act (PREPA), passed by the United States Congress and signed into law by President of the United States George W. Bush in December 2005 (as part of ), is a controversial tort liability shield intended to protect vaccine manufacturers from financial risk in the event of a declared public health emergency. The act specifically affords to drug makers immunity from potential financial liability for clinical trials of avian influenza vaccine at the discretion of the Executive branch of government. PREPA strengthens and consolidates the oversight of litigation against pharmaceutical companies under the purview of the secretary of Health and Human Services (HHS). PREPA provides $3.8 billion for pandemic influenza preparedness to protect public health in the case of a pandemic disease outbreak.
Motor vehicle crashes are the leading cause of death in the workplace in the United States accounting for 35 percent of all workplace fatalities. In the United States, individuals involved in motor vehicle collisions may be held financially liable for the consequences of a collision, including property damage, and injuries to passengers and drivers. Where another driver's vehicle is damaged as the result of an accident, some states allow the owner of the vehicle to recover both the cost of repair for the diminished value of the vehicle from the at- fault driver. Because the financial liability that results from causing an accident is so high, most U.S. states require drivers to carry liability insurance to cover these potential costs.
Vehicle insurance, in the United States and elsewhere, is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some minimum level of liability insurance. States that do not require the vehicle owner to carry car insurance include Virginia, where an uninsured motor vehicle fee may be paid to the state, New Hampshire, and Mississippi, which offers vehicle owners the option to post cash bonds (see below). The privileges and immunities clause of Article IV of the U.S. Constitution protects the rights of citizens in each respective state when traveling to another.
Curves representing constant discount rates of 2%, 3%, 5%, and 7% The "time value of money" indicates there is a difference between the "future value" of a payment and the "present value" of the same payment. The rate of return on investment should be the dominant factor in evaluating the market's assessment of the difference between the future value and the present value of a payment; and it is the market's assessment that counts the most. Therefore, the "discount yield", which is predetermined by a related return on investment that is found in the financial markets, is what is used within the time-value-of-money calculations to determine the "discount" required to delay payment of a financial liability for a given period of time.
As the story's "one disturbing element", although he is the wealthy proprietor of the Toad Hall estate, Toad's adventures and "positive mania for fads" have brought him to the brink of bankruptcy. As a last resort, Toad's friend Angus MacBadger volunteers as Toad's bookkeeper to help Toad keep his estate which is a source of pride in the community. One summer day, MacBadger asks Toad's friends Ratty (a water rat) and Moley (a mole) to persuade Toad to give up his latest mania of recklessly driving about the countryside in a horse and canary-yellow gypsy cart, which could accumulate a great deal of financial liability in damaged property. Ratty and Moley confront Toad, but are unable to change his mind.
The Trustees liked the idea in theory, but would not endorse a year-round farm project largely for the reason that school and college farms had almost always posed a financial liability, and that farms in general in the precarious economy of 1933 were a liability. Whether or not Alexander knew fully of the Trustees wishes on the matter, he pressed on with the idea of a year-round camp presence as called for in Locke and Taylor's plan. In early April a location was selected in Haywood County, North Carolina. The place chosen, deep in the Appalachian Mountains in the western part of the state, was a farm of 1,800 acres near the town of Canton, about thirty-five miles southwest of Asheville.
Many richer countries, such as Australia, Canada, United Kingdom and United States, have passed legislation prohibiting discrimination based on criminal record. However, the availability and extent of protection against discrimination for ex-offenders differs across jurisdictions. Employers might be unwilling to hire those with criminal records for many reasons – such as the risk of legal liability if a previous offender harms a customer or coworker, the risk of financial liability if the offender engages in theft, fears of personal violence, and the negative signals that a period of incarceration sends about their general skills or trustworthiness. Public policies to assist offenders from obtaining employment therefore focus on allowing them to conceal convictions, although they accept that for a few professions such as police officers, it is necessary for the employer to know about the convictions.
Connor (1989) stated that the reasonableness of a police officer using force should be based on what the officer's viewpoint was when the crime occurred. Reasonableness should also factor in things like the suspect's threat level and if attempts were made to avoid being arrested. In 1967, the U.S. Supreme Court introduced the legal doctrine of qualified immunity, originally with the rationale of protecting law enforcement officials from frivolous lawsuits and financial liability in cases where they acted in good faith in an unclear legal situation. Starting in around 2005, courts increasingly applied this doctrine to cases involving use of excessive force, eventually leading to widespread criticism that it "has become a nearly failsafe tool to let police brutality go unpunished and deny victims their constitutional rights" (as summarized in a 2020 Reuters report).
"The Woolworths Virtual Museum - The first British store - Church Street, Liverpool 1909" -- "Many no doubt attracted by the novel character of the business transacted. 6D is the highest price charged for any single article in the establishment, but the variety of articles obtainable is infinite. ... Though none were on sale, the goods were laid out ready for the commencement of business to-day, and occasioned the visitors considerable surprise in the matter of their exceptional value. " Newspaper Excerpt from the "Liverpool Courier", 27 September 2007 Despite local press praise, British national newspaper the Daily Mail likened Frank Woolworth to Phineas Taylor Barnum and claimed that the store location had been decided as part of a contingency plan in the event of failure so as to facilitate escape from any financial liability.
After the loss of the Crimean War in the 1850s, the Russian government saw its North American colony (today Alaska) as a financial liability, and feared losing control to Britain whose troops would easily swoop in and annex the territory from neighboring Canada in any future conflict. Negotiations between Russia and the U.S. over the sale of Alaska were halted due to the outbreak of the Civil War, but after the U.S. victory in the war, talks resumed. Russia instructed its minister in Washington, Baron Eduard de Stoeckl, to negotiate a sale. De Stoeckl did so deftly, getting Seward to raise his offer from $5 million (coincidentally, the minimum that Russia had instructed de Stoeckl to accept) to $7 million, and then getting $200,000 added by raising various objections.
Formed in 1992, originally as PC Helps, the company was based on a business plan written by founder Jeffrey Becker while attaining his master's degree at the Kellogg School of Management at Northwestern University. Mr. Becker's personal experience, followed by extensive market research, led him to believe that many end-users of common software applications require support, and that the companies developing these applications were increasingly looking to stop providing free support because of the growing financial liability it created. PC Helps undertook an orderly expansion in its early years, devoting substantial resources towards improving the operational performance of the Company as well as landing key Fortune 500 companies as clients. By 1999 PC Helps had grown organically to support over 800,000 users including clients such as PepsiCo, Pitney Bowes, and Campbell Soups.
As the colliery activity in the area served by the line declined so did the use of the line itself. The west to north spur from Kirkby North Junction on the Great Central saw little use, despite its high construction costs. It was virtually moribund by 1905, completely disused by 1918 and dismantled about 1922. Passenger traffic had always been a financial liability and the LNERThe London and North Eastern Railway was formed in 1923 from the Great Northern Railway, the Great Central Railway (which was itself successor to the Manchester, Sheffield and Lincolnshire Railway, the Lancashire, Derbyshire and East Coast Railway and the Mansfield Railway); the Midland Railway joined the new London Midland and Scottish Railway in 1923. The LNER and the LMS were nationalised under British Railways in 1948.
The implications that the price of standard notebooks should be dropped was a financial liability, due to huge unsold inventories of standard laptops in retail chains and an unfavorable market in which to unload them meant that cannibalisation of laptop sales by netbooks would be financially undesirable for the industry. A clearance sale was also not an option under these conditions, especially among multiple retail chains and online shopping sites. These factors, along with a desire to keep netbook sales going to recoup R&D;, design and manufacturing costs, were all likely contributing factors of an industry-wide effort to sabotage netbooks through purposefully limited devices that could be sold cheaply while acting as a form of social engineering towards discrediting netbook devices. The direct lineage between nettops and netbooks meant that the concept of a "net-" prefix was considered a failed idea.
British Rail closure notice (1957) The fortunes of the Bordon Light Railway were inextricably linked with those of the Army Camp that it served, so that when army traffic began to decline after the Second World War and the line became a financial liability, the decision was made to close the line to passenger services with effect from 16 September 1957, with the line remaining open to freight to meet army requirements. It might have closed completely had the Longmoor Military Railway been able to serve the Bordon Camp's requirements, but in the event the frequency of services at Liss made the exchange of heavy traffic difficult. This was still the case nine years later when it was decided nevertheless to close the Bordon line completely from 4 April 1966. The Longmoor Military Railway itself closed three years later on 31 October 1969.
The lawsuit filing seeks to avoid financial liability to the claimants and included the following statement: "There is no coverage under Travelers' and Phoenix's policies issued to Figg for any damages caused by the joint venture and/or partnership between Figg and MCM, as such joint venture and/or partnership was never disclosed to Travelers and Phoenix and does not qualify as an insured under either of the Policies issued to Figg." The following is from a September 18, 2018 OSHA News Release — Region 4: The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) on Friday, September 14, cited multiple contractors for safety violations after one employee suffered fatal injuries and five other employees sustained serious injuries when a pedestrian bridge at the Florida International University campus in Miami collapsed. The five companies collectively received seven violations, totaling $86,658 in proposed penalties. OSHA cited Figg Bridge Engineers Inc.
The Woodhead Commission (officially the Palestine Partition CommissionPalestine Partition Commission Report, Command Paper 5854, Printed and published by His Majesty's Stationery Office, London, 1938 (310 pages and 13 maps)) was a British technical commission established to propose "a detailed" partition scheme for Mandatory Palestine, including recommending the partition boundaries and examination of economic and financial aspects of the Peel Plan.Mandated Landscape: British Imperial Rule in Palestine 1929-1948Policy in Palestine, December 23, 1937 The Commission was appointed at the end of February 1938 and conducted its investigations from April to early August 1938. It rejected the Peel Commission's plan mainly on the grounds that it required a large transfer of Arabs, and considered two other plans. It preferred a modification of the partition, which forms a satisfactory basis of settlement, if the United Kingdom government accept "the very considerable financial liability involved," that balances the Arab state budget.
BMW had acquired the Rover Group in 1994, but by 1999 it had become a major financial liability due to disappointing sales of some of its model ranges. In January 2000, it was reported that UK sales had fallen from more than 190,000 in 1998 to 143,000 in 1999 - a fall of more than 25% in sales for the company, despite overall new car sales increasing by 7%. Even Rover's newest model, the Rover 75 (launched in the spring of 1999), had failed to meet sales expectations. Since September 1999 the venture capital company Alchemy Partners, run by Jon Moulton and Eric Walters, had been in talks with BMW about acquiring Rover. When news of the talks became public on 16 March 2000, Alchemy was widely expected to take control of at least some of the Rover Group, which BMW was prepared to sell.
Harmonix, anticipating the slowness of the market, developed Rock Band 3 with the introduction of several new features, most notably including the capability to connect real MIDI keyboards, MIDI guitars, and MIDI electronic drum kits, to create a "disruptive" game in the ailing rhythm game market by expanding to include real instruments. Though Viacom continued to support the series throughout 2010, it announced that it was seeking a buyer for Harmonix, citing the series' continued profit losses and Viacom's inexperience at being a video game publisher. Harmonix was eventually sold at the end of 2010 to Harmonix-SBE Holdings LLC, an affiliate of investment firm Columbus Nova, LLC that included Harmonix shareholders. Though the net liability of the sale was valued at nearly $200 million, including existing unsold inventory and ongoing music license fees, analysts believe that Harmonix-SBE paid only $50 for the company, taking on the total financial liability that Viacom was able to write off in their books.
Chi McBride Edward Vogler (Chi McBride) is the billionaire owner of a pharmaceutical firm and, in a season 1 story arc, became the new chairman of the board of PPTH, a position he gained through a $100 million donation to the hospital. Vogler sought to reshape PPTH into a testing facility for his firm's new drugs and saw House's maverick ways and blatant disregard for rules and authority figures as a substantial legal and financial liability. When House refused to conform to Vogler's increasingly capricious demands (including an order for House to fire one of his fellows) and even publicly bashed Vogler's company at a press banquet, Vogler gave the board an ultimatum: fire House, or lose Vogler's grant. After losing Wilson from the board, and a last ditch and impassioned motion from Cuddy for the board members to put the hospital's independence ahead of Vogler's donation, the board voted to retain House, therefore losing Vogler and his $100 million.
He proceeded to the Architectural Association but left to learn from the traditionalist A. S. G. Butler and then, as a non-qualified partner of William and Aileen Tatton- Brown, he passed the RIBA external exams in the summer of 1939, winning the Ashpitel Prize. He spent the Second World War mostly in Britain, training gunners in the Royal Artillery, until he went through France and Belgium to witness the surrender of Lübeck and Hamburg. In 1945, he stood as Liberal Candidate for Henley, coming third at the polls. He formed a partnership with Kenneth Boyd to design new houses as Architect-Planner of Hatfield New Town and wrote the initial report of the Hatfield Development Corporation.Brett, Lionel, Hatfield New Town, Report of the Hatfield Development Corporation, 1949 In November 1957, some 50 of Hatfield's two-storey terraced houses lost their mono-pitched roofs in a storm and the adverse publicity and financial liability ended his business.
Hermann Schulze-Delitzsch, an early co-operative organizer, explained the concept of the ‘bond of association’ at credit union meetings in this way: In his book People’s Banks (1910), Henry W. Wolff summarized the character of this ‘common bond’ based on his observations of credit unions all over Europe:Henry W. Wolff. People's Banks: A Record of Social and Economic Success. P.S. King & Son, London, 1910, pp. 37-38 # many individuals bring small amounts of share capital into a common pool, which collectively amounts to significant base of collateral, # borrowers, lenders and guarantors live near one another (e.g., in the same village), making it convenient for the lender and guarantors to monitor the performance of the borrower, and manage any problems that may come up, # an ‘inter-connection of liability among members’ is created by the bond, which may either involve direct and unlimited ‘financial liability’, or ‘direct responsibility for good management’ (which once publicly established increases the sense of security of claim-holders), and # all operations of the credit union must be conducted along ‘businesslike lines’ based on a strong sense of collective responsibility.

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