Liability Risk
/ˌlaɪəˈbɪləti rɪsk/
Definitions
- (n.) The exposure or potential for legal responsibility arising from claims or damages for which a party may be held accountable.
The company faced significant liability risk due to its product defects.
Forms
- liability risk
Related terms
See also
Commentary
Liability risk commonly appears in contexts assessing potential legal obligations and damages; it is distinct from general risk because it focuses specifically on legal accountability.
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.