Financial responsibility

Financial responsibility means capable of satisfying a liability obligation as required by 51 U.S.C Subtitle V, chapter 509.

Source

14 CFR § 440.3

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Scoping language

Except as otherwise provided in this section, any term used in this part and defined in 51 U.S.C. 5090150923, or in 401.5 or 401.7 of this chapter shall have the meaning contained therein.

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