A liability is an obligation which requires one unit (the debtor) to make a payment or a series of payments to the other unit (the creditor) in certain circumstances specified in a contract between them.
"Liability" is in the UNSPSC Code "84131607"
"Liability" is in the NAICS Code "524126"
Direct Property and Casualty Insurance Carriers
... that protect policyholders against losses that may occur as a result of property damage or Liability
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Ability (From Social Ability)