release of liability
Definition
Use this term in a sentence
“ You may want to try and seek a release of liability so that you do not have to much resting on your shoulders. ”
“ We were delighted with the release of liability, as it felt as if a great weight had been lifted from our shoulders after the gloom and dread we had felt before. ”
“ My company's board of directors agreed to relieve us of our long-term debt by arranging to trade an equity stake in our company to the bank in exchange for a release of liability. ”