Die Haftung
Example: Die Haftung für Schäden liegt beim Vertragspartner.
Definition
"Die Haftung" refers to the legal responsibility or obligation to compensate for damages or losses. In finance, "die Haftung" means being accountable for financial obligations or risks, such as in the phrase, 'Die Haftung für Schäden liegt beim Vertragspartner,' indicating that the contract partner bears the liability for damages.
Etymology
The German word "die Haftung" comes from the verb 'haften,' meaning to be liable or to be held responsible. It is derived from Middle High German 'haften,' which in turn traces back to Old High German. Did you know? The root 'haft' relates to holding or grasping, metaphorically extending to holding someone accountable.
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"Die Haftung" appears in the Vocaplus list "German - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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