What is the definition of Pecuniary liability? | Dictionary.net

PECUNIARY LIABILITY

\pɛkjˈuːnjəɹɪ lˌa͡ɪəbˈɪlɪti], \pɛkjˈuːnjəɹɪ lˌa‍ɪəbˈɪlɪti], \p_ɛ_k_j_ˈuː_n_j_ə_ɹ_ɪ l_ˌaɪ_ə_b_ˈɪ_l_ɪ_t_i]\

Definitions of PECUNIARY LIABILITY

1910 - Black's Law Dictionary (2nd edition)

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A legal obligation levied on any firm or entity which requires that company to pay compensaiton for any loss, or poor usage of funds, usually stemimng from the failure of the entity to carry out its responsibilities.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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