MANAGEMENT LIABILITY,
MANAGEMENT LIABILITY Definition:
It covers directors and officers for their personal legal liability incurred by the company and the management of the company for certain types of claims. It is usually offered to companies owned by companies whose directors and officers are also shareholders to protect their assets. This often includes claims from shareholders, employees, regulators, competitors and the company itself.
Literal Meanings of MANAGEMENT LIABILITY
MANAGEMENT:
Meanings of MANAGEMENT:
The process of treating or controlling something or someone.
fraud.
Sentences of MANAGEMENT
Deer herd management.
Synonyms of MANAGEMENT
administration, direction, management, running, deceit, deception, control, duplicity, untruthfulness, governing, supervision, lying, falsehood, falseness, falsity
LIABILITY:
Meanings of LIABILITY:
The state of being responsible for something, especially in accordance with the law.
A person or thing whose presence or behavior may embarrass or harm someone.
Sentences of LIABILITY
Partners have unlimited responsibility for the risks they assume.
Became a political loss
Synonyms of LIABILITY
legal responsibility, answerability, responsibility, accountability, hindrance, nuisance, encumbrance, burden, inconvenience, handicap
