What Does Assumed Liability Mean?
What does Assumed Liability mean? Read on to discover the definition & meaning of the term Assumed Liability - to help you better understand the language used in insurance policies.
Assumed Liability
An assumed liability is a liability that one party takes on under the terms of a contract. In the context of insurance, insurance policies that protect against losses from an assumed liability are available.
We hope the you have a better understanding of the meaning of Assumed Liability.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z