TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LIMIT LIABILITY [2 records]

Record 1 2015-05-19

English

Subject field(s)
  • Maritime Law
CONT

This Act, which must be regarded as the actual beginning of the modern rule as to the limitation of shipowners' liability, referred only to British-owned vessels, and the limit of liability was the value of the ship and the freight which she was earning or was under contract to earn. (Roscoe, Admiralty Jurisdiction and Practice of the High Court of Justice, 1931, p. 232).

French

Domaine(s)
  • Droit maritime

Spanish

Campo(s) temático(s)
  • Derecho marítimo
Save record 1

Record 2 2009-04-24

English

Subject field(s)
  • Insurance
DEF

The maximum amount an insurance company agrees to pay for an insured risk.

French

Domaine(s)
  • Assurances
DEF

[Somme maximale] qu'un assureur accepte de garantir pour un risque déterminé; si le montant du dommage excède cette limite, la différence, ou découvert, est à la charge de l'assuré ou du tiers.

Spanish

Save record 2

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