Liability Estimation
/ˌlaɪəˈbɪləti ˌɛstəˈmeɪʃən/
Definitions
- (n.) The process of quantifying the expected financial obligation arising from legal claims or potential liabilities.
The accountant performed a liability estimation to determine the company's potential losses from pending lawsuits.
Forms
- liability estimation
Related terms
See also
Commentary
Liability estimation often involves both legal and financial expertise to evaluate potential claims' impact accurately.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.