Liability and Licence: Difference between pages

Revision as of 14:48, 9 August 2017

Official permission or permit to do, use, or own something.

For example, a licence to carry on a trade or use a particular product such as computer software. A fee or proof of capability may be required.

Authorities may issue a licence, to allow an activity that would otherwise be illegal such as driving or selling alcohol.

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-.  ''Law.''
+Official permission or permit to do, use, or own something.
-A legal duty or obligation.
+For example, a licence to carry on a trade or use a particular product such as computer software. A fee or proof of capability may be required.
+Authorities may issue a licence, to allow an activity that would otherwise be illegal such as driving or selling alcohol.
-.  ''Financial reporting.''
-An amount payable.
-Liabilities may include estimates, and amounts payable for commercial reasons - for example to maintain goodwill with customers - even if there is not a strict legal obligation to pay them.
 ==See also==
-* [[Actuarial liability]]
+* [[Amortisation]]
-* [[Asset-liability management]]
-* [[Compensation]]
-* [[Damages]]
-* [[Disclaimer]]
-* [[Goodwill]]
-* [[Joint and several liability]]
-* [[Law]]
-* [[Liabilities]]
-* [[Limited liability]]
-* [[Regulation]]
-* [[Trustee liability insurance]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]