sequential liability Meaning in the Cambridge English Dictionary
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Meaning of “sequential liability” in the English Dictionary

"sequential liability" in Business English

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sequential liabilitynoun [U]

uk   us   LAW
an ​officialrule that a ​person or ​company does not ​paymoney that they ​owe until they receive ​money that is ​owed to them for the same ​work, ​project, etc.: Sequential ​liabilityprotectsbusinesses from their ​clients getting into trouble.
(Definition of sequential liability from the Cambridge Business English Dictionary © Cambridge University Press)
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