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21st century liability

I'm a 21st century liability
I'm a 21st century liability
I'm a 21st century liability
(Bang, bang, bang)
It's all bollocks
I'm a 21st century liability
I'm a 21st century liability
I'm a 21st century liability
(Bang, bang, bang)
It's all bollocks

Were all made from the spawn of the devil. I'm a 21st century liability.

by Losercakes101 July 12, 2019


21st century liability

An album written by Dominic Harrison also known as YUNGBLUD.

"Hey have you listened to 21st century liability?"

by Losercakes101 July 12, 2019


Unlimited liability universe

The debt-based universal monetary system used here on earth allows enough money to be created to buy every product available. Everyone can claim to be a millionaire and borrow enough to make it come true.

when the store's shelves go empty we will see who believes in Jesus.

Democratic mob rule governance always creates the Unlimited liability Universe where crisis dictates spending because a mob can always create a crisis.

by Spiritual-Master January 21, 2022

9👍 2👎


limited liability partnership

(US BUSINESS LAW) a type of business organization which is a cross between a partnership and a corporation. In a private partnership, all of the partners own all the assets in common and have unlimited liability; in a corporation, the firm assets are owned by a legal "person," and shareholders are liable only for the value of their stake (equity) in the firm.

Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise.

In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP.

In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership.

Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).

The limited liability partnership is a popular form of business organization for lawyers and other professionals.

by Abu Yahya September 2, 2010

6👍 5👎


Several Joint Liability

When a party is liable for all of the damage incurred by a third party after becoming excessively high on marijuana.

Jake decided to smoke a pack of joints, and, as all stoners do when they get high, he took a baseball bat to every car window on his block. Jake will be liable for the damage under the Several Joint Liability doctrine introduced by Justice Holmes in the landmark case Marley v. Jane.

by Billings Learned Hand November 19, 2012

330👍 1624👎


Liability buddy

A person (usually a love interest, family member, child) who will inevitably need to be saved by the hero of the story. Can be present in both films and books.

Aunt May: "Why is Mary-Jane here?"

Harry: "She's Peter's liability buddy.

Aunt May: "Makes sense."

by Jax October 18, 2021


Line of Liability

The hospital’s invisible line outside the main lobby doors where they wheel their patients to after they are discharged. Utterly nervous that the discharged patient will slip and fall before they exit the hospital, a collective sigh of relief by the hospital lawyers after the patient has been wheeled to the line of liability, steps out of the wheelchair, and walks away.

The hospital staff gingerly helped the discharged patient exit out of the wheelchair and take a step over the Line of Liability. The patient could have collapsed after that and crawled to their car, but it wouldn’t matter; they had crossed the Line of Liability.

by Grant Rampus March 9, 2022