What Does Assumed Liability Mean?

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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

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.

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