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LSDefine

Simple English definitions for legal terms

absorbable risk

Read a random definition: dissignare

A quick definition of absorbable risk:

Absorbable Risk: This is a type of risk that a company thinks it can handle on its own without needing to buy insurance. It means that if something bad happens, the company has enough money or resources to cover the cost of the damage or loss. For example, if a company has a small accident, they might be able to pay for the repairs themselves instead of making an insurance claim.

A more thorough explanation:

Definition: Absorbable risk refers to a potential loss that a company believes it can cover with its available capital or self-insurance.

Examples:

  • A company has a reserve fund that it can use to cover unexpected losses.
  • A company decides to self-insure against a certain type of risk, such as property damage.

These examples illustrate how a company can take on a certain level of risk and still feel confident that it can handle any losses that may occur. By having the resources to absorb the risk, the company can avoid the need to purchase insurance or rely on outside sources for financial assistance.

absolvitor | absorption

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Mr. Bad Fumbla
Bag
Dkk
16:01
Commits to kys when I commit to kms the same day. What a crazy november 5th.
[] baddestbunny
16:02
kms isn't even a t50 you should r&r
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
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