Definition of Personal liability:
A financial obligation for which an individual is responsible and which may be satisfied out of his or her assets.
How to use Personal liability in a sentence?
- I had personal liability over what had happened and I found that to be very frustrating because I didnt deserve it.
- To limit your personal liability in opening and running a business it is recommended that you incorporate your business and separate your personal assets from your business assets by having separate bank accounts.
- While most of our accidents are found to be the companys fault, the employee has a personal liability if they fail the drug test following an accident.
Meaning of Personal liability & Personal liability Definition