Liability-driven investment policies and asset management decisions are those largely determined by the sum of current and future liabilities attached to the investor, be it a household or an institution.

But he had another source of help available to him; one with a different set of liabilities attached, but one for which the accounting was definitely on his side.

"It's not very often you find personal liability attached to a lawsuit," Mr. Stober said.

Normally, the deceased's estate is in-gathered and wound up without discharging liabilities, which means accepting inheritance includes accepting the liabilities attached to inherited property.

Goff first addressed the Court of Appeal's use of Ballard v Tomlinson, stating that the decision there as based on the facts of the case, and did not establish either a rule that there was a right to clear water, nor that there was strict liability attached to that right.

I fear it became a liability, attached to my head.

Ado-Ekiti is already a fortunate asset with no liability attached in setting up the apparatus for a state capital.