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iv. Commonly used terminology in
Medical Law
Liability: A legal responsibility or obligation.
Liability Risk: Liability loss or exposure where negligent acts may
occur for which an organization may be held responsible. The act
must be injury to or property damage of others. Insurance coverage
for this type of risk is called, “third party insurance.”
Lien: An encumbrance, upon real or personal property, that secures
the payment of a debt or the performance of a duty.
Litigant: One of the parties involved in a legal action.
Litigation: The process of settling a dispute through the court system.
