A term frequently used in older financial language with various meanings. – Generally, a binding obligation of any kind, an obligation, a debt (the state of being under a debt, as for lending money, of gratitude, for a favor, for a service, or for a benefit). – The taking (in the sense of assuming; sharing) of a risk (to go on risk, to underwrite a risk, to take a risk). – An engagement and, in particular, the making of or participation in an investment. – The liabilities of a customer to the bank. – A surety (guarantee) or security (deposit; surety). – Negative (without liability; without recourse) – the informant does not want to be liable for the correctness of his statements – attached to the signature on bills of exchange: one has co-signed but does not assume liability under the law of exchange (endorsement without liability; restrictive endorsement).
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