assume liability for

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assume liability for

To take responsibility for something, typically a cost or expense. When you signed the contract, you assumed liability for fees like this.
See also: assume

assume liability for something

to accept the responsibility for paying a cost. Mr. Smith assumed liability for his son's student loans. The store assumed liability for the injured customer's hospital bills.
See also: assume
References in periodicals archive ?
The company gave no indication it was assuming liability for the expenses the taxpayer would incur in contesting the IRS charges.
The Court made a distinction between assuming responsibility for the liabilities of Old Parmalat as opposed to assuming liability for specific actions of the prior owners, which Parmalat claims it did not do.
The facility is budgeted at $254 million, with the Steelers assuming liability for any construction cost overruns.