Examlex
The market for long-dated forward exchange rate contracts is thin, which decreases the cost of eliminating foreign-exchange risk.
Liability
The legal responsibility or obligation to compensate for harm caused, debts owed, or for fulfilling specific duties.
LLP
Limited Liability Partnership, a legal structure for a business where partners' liabilities are limited to their investment in the partnership.
Continuing Liability
An ongoing financial or legal responsibility that does not end upon the termination of a contract or agreement.
Nonwrongfully Dissociated
Pertains to a situation where a partner leaves a partnership in accordance with the terms of the partnership agreement or without causing harm to the partnership’s ability to continue.
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