I'm a 21st century liability
I'm a 21st century liability
I'm a 21st century liability
(Bang, bang, bang)
It's all bollocks
I'm a 21st century liability
I'm a 21st century liability
I'm a 21st century liability
(Bang, bang, bang)
It's all bollocks
I'm a 21st century liability
I'm a 21st century liability
(Bang, bang, bang)
It's all bollocks
I'm a 21st century liability
I'm a 21st century liability
I'm a 21st century liability
(Bang, bang, bang)
It's all bollocks
by Losercakes101 July 12, 2019
"Hey have you listened to 21st century liability?"
by Losercakes101 July 12, 2019
The debt-based universal monetary system used here on earth allows enough money to be created to buy every product available. Everyone can claim to be a millionaire and borrow enough to make it come true.
when the store's shelves go empty we will see who believes in Jesus.
when the store's shelves go empty we will see who believes in Jesus.
Democratic mob rule governance always creates the Unlimited liability Universe where crisis dictates spending because a mob can always create a crisis.
by Spiritual-Master January 21, 2022
(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
When a party is liable for all of the damage incurred by a third party after becoming excessively high on marijuana.
Jake decided to smoke a pack of joints, and, as all stoners do when they get high, he took a baseball bat to every car window on his block. Jake will be liable for the damage under the Several Joint Liability doctrine introduced by Justice Holmes in the landmark case Marley v. Jane.
by Billings Learned Hand November 19, 2012
an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
"growth in net assets"
"growth in net assets"
by Liabilities July 6, 2020
by Hargoat65-17 June 4, 2021