Definition of monetary liability

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TeachMeFinance.com - explain monetary liability



monetary liability -- the promise to pay a specified amount of money, the sum of which is unaffected by inflation or deflation.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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