Personal liability

Personal liability,

Definition of Personal liability:

  1. 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?

  1. I had personal liability over what had happened and I found that to be very frustrating because I didnt deserve it.
  2. 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.
  3. 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