n. (accounting) Debts.
by Nodie March 1, 2011
Get the liabilities mug.by Exotic Anime slime May 4, 2020
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Liabilititties are very enticing breasts owned by a female that make males very horny; horny enough to cheat on their girlfriends.
Liabilititties might also convince a male to hook up with a girl who already has a boyfriend.
Liabilititties might also convince a male to hook up with a girl who already has a boyfriend.
by soco1.75 February 16, 2009
Get the Liabilititties mug.The quality of life, usually in an urban setting, where the accessibility to needs and services contributes to overall well-being; livable acts.
The livability of my city is attributable to the fresh local vegetables from the market in the middle of the city core accessible by walking from my home.
by geographyforme December 1, 2013
Get the livability mug.Someone with liabilities is incredibly good at lying. Can get any one believe anything at any time. Abilities are on par with lying greats such as George Costanza, Drake Parker, and George Bush.
by MaximumOverdrive February 23, 2009
Get the liabilities mug.(US BUSINESS LAW) a type of business organization which is a cross between a partnership and a corporation. In a private partnership, all of the partners own all the assets in common and have unlimited liability; in a corporation, the firm assets are owned by a legal "person," and shareholders are liable only for the value of their stake (equity) in the firm.
Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise.
In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP.
In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership.
Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).
Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise.
In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP.
In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership.
Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).
The limited liability partnership is a popular form of business organization for lawyers and other professionals.
by Abu Yahya September 2, 2010
Get the limited liability partnership mug.Someone who preys on your emotions, a person in your life that makes you sad even if you give them all the love you can afford.
by Ikena April 8, 2021
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