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We found 2 dictionaries that define the word no liability:

General (2 matching dictionaries)
  1. no liability: Wiktionary
  2. No liability: Wikipedia, the Free Encyclopedia

Definitions from Wiktionary (no liability)

noun:  (Australia, business, law) A form of limited liability that may be used by mining companies, under which the shareholders may pay a company debt by surrendering shares in lieu of money.

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