Anticipated Liabilities definition
Anticipated Liabilities means amounts required to cover any sum due under: (i) the indemnity in clause 14.1 in respect of potential or expected Refunds, Chargebacks, Chargeback Costs, any liability or expected liability relating to a Transaction or Assessments; or (ii) any liability or potential liability of yours under this Agreement;
Anticipated Liabilities means the sum of the annual loss and loss adjustment expense incurred as shown in the most recent audited financial statement plus the actual operating expenses for the last 3 month period of the most recent audited financial statement.