alternative liability

alternative liability
alternative liability see liability 2b

Merriam-Webster’s Dictionary of Law. . 1996.

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  • liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds …   Law dictionary

  • Alternative Minimum Tax — (AMT) is part of the Federal income tax system of the United States. There is an AMT for those who owe personal income tax, and another for corporations owing corporate income tax. Only the AMT for those owing personal income tax is described… …   Wikipedia

  • alternative minimum tax — n: a federal tax that prevents a person or entity (as a corporation) with taxable income from avoiding tax liability and that imposes tax liability in the amount of the excess of the tentative minimum tax over regular tax liability see also tax… …   Law dictionary

  • Alternative break — An alternative break is a trip where a group of college students (usually 10 12 per trip) engage in volunteer service, typically for a week. Alternative break trips originated with college students in the early 1980’s as a counter to traditional… …   Wikipedia

  • Alternative Minimum Tax - AMT — A tax calculation that adds certain tax preference items back into adjusted gross income. Alternative minimum tax (AMT) uses a separate set of rules to calculate taxable income after allowed deductions. Preferential deductions are added back, and …   Investment dictionary

  • Alternative compensation system — Various alternative compensation systems (ACSes) have been proposed as ways to allow the widespread reproduction of digital copyrighted works while still paying the authors and copyright owners of those works. This article only discusses those… …   Wikipedia

  • Alternative Investment Market — The Alternative Investment Market (AIM) is a sub market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the Main Market. The AIM was launched in 1995 and has… …   Wikipedia

  • Alternative Motor Vehicle Credit — A tax credit given to individuals who purchase vehicles that derive their power from alternative energy sources. Taxpayers are eligible to receive this nonrefundable alternative motor vehicle tax credit if they are the original purchasers of a… …   Investment dictionary

  • Alternative Risk Financing Facilities — A type of private insurer that offers various types of coverage to both individuals and institutions. These insurers were originally created by groups of people or organizations that had a common need for a type of coverage that was not available …   Investment dictionary

  • alternative sentence — A sentence giving the defendant a choice, such as one in a traffic case giving an option to purchase a liability policy or to have license suspended; such a sentence is void for uncertainty. 21 Am J2d Crim L § 541. See indeterminate sentence …   Ballentine's law dictionary

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