Discover full dictionary
Change Library:
Redemption Of Liability শব্দের বাংলা অর্থ: দায়মোচন
Redemption Of Liability Meaning In Bengali দায়মোচন
Redemption Of Liability
Definition
1) Redemption of liability refers to the act of fulfilling or settling a debt or obligation, typically by making a payment or offering some form of compensation to clear the liability.
2) In legal terms, redemption of liability can also refer to the process of releasing a party from their obligations or responsibilities under a contract or agreement by satisfying the terms specified in the agreement.
3) Redemption of liability may also involve the process of reclaiming or recovering assets that were used as collateral to secure a debt or liability once the debt has been repaid in full.
Examples
Redemption Of Liability Example in a sentence
1) The redemption of liability will be finalized upon payment of the outstanding debt.
2) The company's redemption of liability saved it from bankruptcy.
3) The court order mandated the redemption of liability within 30 days.
4) The redemption of liability was a crucial step in resolving the financial dispute.
5) Failure to comply with the redemption of liability terms may result in legal action.
6) The terms of the loan agreement included provisions for redemption of liability.
7) The insurance company facilitated the redemption of liability for the accident victims.
8) Completion of the redemption of liability required thorough documentation and verification.
9) The business restructuring plan included a schedule for redemption of liability.
10) The creditor and debtor negotiated a settlement for the redemption of liability.
Part of Speech
Redemption Of Liability (Noun)
Synonyms
Encyclopedia
Redemption of liability refers to the act of fulfilling or settling a debt or obligation, typically by making a payment or offering some form of compensation to clear the liability.
In legal terms, redemption of liability can also refer to the process of releasing a party from their obligations or responsibilities under a contract or agreement by satisfying the terms specified in the agreement.
Redemption of liability may also involve the process of reclaiming or recovering assets that were used as collateral to secure a debt or liability once the debt has been repaid in full.
# Over 2,50,000+ words