take over liabilities
Frequency: 6.47.8 per million words
to assume control and responsibility for existing debts
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Examples (10)
- He wants to know the precise amount of the liabilities he is taking over.
- The new company agreed to take over all the existing liabilities of the acquired firm.
- During the merger, the larger corporation will take over the financial liabilities of the smaller one.
- It's crucial to understand what liabilities you are taking over before signing the contract.
- The successor will take over all the legal liabilities associated with the project.
- We need to assess if we can afford to take over these outstanding liabilities.
- Their primary condition for the deal was that the buyer would take over all the long-term liabilities.
- The government had to take over the bank's massive liabilities to prevent its collapse.
- As part of the settlement, the defendant agreed to take over the plaintiff's medical liabilities.
- The new owner will take over the property with all its current liabilities.