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Disaster Liability


In financial terms liability can be explained as- 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.
You can get familiar with the term "Disaster Liability" via the following article :

Disaster Liability

Disaster (Natural or Industrial) Liability
An article presented by Dr. Anil Kumar Gupta, Associate Professor (Policy and Planning Div.), NIDM (Government of India, Ministry of Home Affairs), in a National Conference during June 2010 at Nagpur in India, organised by Institution of Engineers (India).

 

 
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