obligation meaning
a4f09824e63401b495abec9babbfe4b9
OBLIGATION • OBLIGATION (noun) The noun OBLIGATION has 4 senses: 1. the social force that binds you to the courses of action demanded by that force. 2. the state of being obligated to do or pay something. 3. a personal relation in which one is indebted for a service or favor. 4. a legal agreement specifying a payment or action and the penalty for failure to comply. Familiarity information: OBLIGATION used as a noun is uncommon.
ed730b1275971e5c5758180f48216248
- The dictionary definition includes external obligations both personal and civic. External obligations, however, can feel like forced behavior. The real importance of loyalty in a relationship is internal: your own moral compass regarding those personal obligations.
8cb2a51f2603f0c99f37684fb5468b5d
Obligation An obligation is a course of action that someone is required to take, whether legal or moral. There are also obligations in other normative contexts, such as obligations of etiquette, social obligations, religious and possibly in terms of politics, where obligations are requirements which must be fulfilled. These are generally legal obligations, which can incur a penalty for non-fulfilment, although certain people are obliged to carry out certain actions for other reasons as well, whether as a t
d2d627663bbd56058cb962fb0b8c434d
- A moral obligation or duty is a course of action that is morally required. Obligations arise from many sources--from one's promises, agreements and contracts, and from one's relationships, debts of gratitude, and roles.
77800a166ce8e02233173bbb71ae2b78
- liability. LIABILITY. Responsibility; the state of one who is bound in law and justice to do something which may be enforced by action. This liability may arise from contracts either express or implied, or in consequence of torts committed.
d57d2257d6797349e261d294f224c795
liability Full Definition of LIABILITY. 1. a: the quality or state of being liable b: probability. 2. : something for which one is liable; especially: pecuniary obligation: debt —usually used in plural. 3. : one that acts as a disadvantage: drawback.
ba1e209f7a416b83ee78b06aa17bce9f
Difference Between Debt & Liabilities The definition of a liability is much broader than that of a debt. A liability is any economic obligation. Debt is a liability, of course: Borrowers are obligated to repay their loans. But liabilities regularly arise from things besides borrowing. For a business, wages earned but not yet paid are also a liability. When employees put in a week's work, the company is obligated to pay those employees for their time. Until it does, those wages are a liability.
579ff31c91c196374dfe6e211634a4e9
- debt. A duty or obligation to pay money, deliver goods, or render service under an express or implied agreement. One who owes, is a debtor or debitor; one to whom it is owed, is a debtee, creditor, or lender.
b764070246ba7b58a766daf669d32364
liability 1 something one is obligated to do or an obligation required to be fulfilled by law, usually financial in nature. 2 the amount of money required to fulfill a financial obligation. liability. Malpractice All character of obligation, amenability, and responsibility for an act before the law.
abca321c8dd21dc7fc9d571e2fb753e7
Authority & responsibility (7) 1 Responsibility is the obligation of a subordinate to properly perform the assigned duty. 2  When a superior assigns a job to his subordinate it becomes the responsibility of the subordinate to complete the job.
e983851cd2dabbc462c5fdd0079c4ca9
obligation obligation. 1. 'obligation' and 'duty'. If you say that someone has an obligation to do something or a duty to do something, you mean that they ought to do it, because it is their responsibility. When obligation and duty are used like this, they have the same meaning. When teachers assign homework, students usually feel an obligation to do it.
ad59f56e874cc75a42d9f8cb9bbf65d3
liability liability-an obligation to pay money to another party. financial obligation, indebtedness. limited liability-the liability of a firm's owners for no more than the capital they have invested in the firm. obligation-the state of being obligated to do or pay something; he is under an obligation to finish the job.
b33fe6a6673059b348dae05b2c30773f
Meaning of âconferred obligationâ and âconferring obligationâ “Nothing attaches woman to man so strongly as the sense of obligation She is proud of his superiority not humbled by it. With man it is the reverse He loves the woman on whom he has conferred obligation who clings to him for protection and looks up to him as a superior being.”.
c59261efacf37b362417bfb9fe03df44
CONTRACT CONTRACT. This term, in its more extensive sense, includes every description of agreement, or obligation, whereby one party becomes bound to another to pay a sum of money, or to do or omit to do a certain act; or, a contract is an act which contains a perfect obligation.his term, in its more extensive sense, includes every description of agreement, or obligation, whereby one party becomes bound to another to pay a sum of money, or to do or omit to do a certain act; or, a contract is an act which contains a perfect obligation.
d10e34afab104c06a621b716fcffa2bc
Duties, Responsibilities and Authority explained Duties, Responsibilities and Authority explained. A duty is something you must do by virtue of your position and is a legal or moral obligation. For example, it is the supply sergeant's duty to issue equipment and keep records of the unit's supplies.
8db88922fe27739a9b5409958576fb7e
Liability Definition: Liability, in the legal sense, is the state or condition of one who is under obligation to do at once or at some future time something which may be enforced by action. It may exist without the right of immediate enforcement..
13567c53604feaf131a29403d9828bf1
liability liability. An obligation that legally binds an individual or company to settle a debt. When one is liable for a debt, they are responsible for paying the debt or settling a wrongful act they may have committed.iability. An obligation that legally binds an individual or company to settle a debt. When one is liable for a debt, they are responsible for paying the debt or settling a wrongful act they may have committed.
f5f8727489dc2e8b00083acfe98c1824
- a legal/moral obligation. an obligation to do sth There is a legal obligation to publish accounts. We have an obligation to generate value for our shareholders. an obligation to sb Under bankruptcy law, the company has an obligation to creditors.
81e6217a71df2e05fb2b8ab6f33558f0
assignment Define assignment: the act of assigning something; a position, post, or office to which one is assigned — assignment in a sentence the act of assigning something; a position, post, or office to which one is assigned…
a354cca8dbeefc8e76756ff49172b0f2
indictmentnoun indictment meaning, definition, what is indictment: a sign that a policy, system, society, etc. is bad or wrong: . Learn more.
b4f3c6de6ecb15f18838215c409e7cd3
- Obligor definition: a person who binds himself or herself by contract to perform some obligation ; debtor | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog
1746f630648e62bf7e984326936b047b
Financial Advisor Credentials Are Misleading Until I saw what the test measured, I never understood how the CFP Board of Standards had bestowed its precious mark on some of the very best and very worst planners I know; the answer is that the exam is an incomplete gauge of an advisor's skills.
bc8d5681ce10a729d5d6974dc5f7efee
obligation obligation(Noun) A social, legal, or moral requirement, duty, contract, or promise that compels someone to follow or avoid a particular course of action. obligation(Noun) A course of action imposed by society, law, or conscience by which someone is bound or restricted.
1fed8b2f840cea1b59dc53f75ad1bc06
Law of obligations Obligations may be civil, which are enforceable by action in a court of law, or natural, which imply moral duties but are unenforceable unless the obligor consents.
7d2c36efa2d4c343b19631e73ae90ef4
CONTRACT CONTRACT. This term, in its more extensive sense, includes every description of agreement, or obligation, whereby one party becomes bound to another to pay a sum of money, or to do or omit to do a certain act; or, a contract is an act which contains a perfect obligation.
d3dc512113fe203d27ba035fbd3e2239
Definitions &Translations The obligation to carry forward an assigned task to a successful conclusion. With responsibility goes authority to direct and take the necessary action to ensure success. 2. The obligation for the proper custody, care, and safekeeping of property or funds entrusted to the possession or supervision of an individual. See also accountability.