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What does ALA stand for?

ALA stands for Assumption of Liability (Agreement)

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of ALA

Other Resources:
We have 341 other meanings of ALA in our Acronym Attic

Samples in periodicals archive:

When each party to an exchange either assumes the other party's liability or acquires property subject to a liability, in determining the amount of other property or money, consideration given in the form of an assumption of liabilities (or the receipt of property subject to a liability) is offset against consideration received in the form of an assumption of liability (or transfer subject to a liability).