successor liability
C1CEFR level
70/100Rarity: rare
TechnicalRegister
An acquirer's exposure to the debts and obligations of the business it buys, despite an arm's-length purchase.
The environmental claims followed the plant through the sale under successor liability, wiping out the bargain the buyer thought it had struck.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
Get words like successor liability on your lock screen, a few a day, with review that makes them stick.
Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
On a computer?Scan with your iPhone camera.