承担经济责任 meaning in English

assume financial responsibility
bear financial responsibility

In cases of losses caused by a breach of contract , the financial responsibility shall be borne by the party that has breached the contract
如果因违反合同而造成损失的，应由违反合同的一方承担经济责任。
In business intercourse between a joint venture and another chinese economic organization , the two parties shall undertake economic responsibilities and settle disputes in connection with their contract pursuant to relevant laws and the contract concluded between them
合营企业与中国其他组织之间的经济往来，按照有关的法律规定和双方订立的合同承担经济责任，解决合同争议。
There was a strong recognition within the committee of the overriding need for a multinational accord to strengthen the stability of the international banking system and to remove a source of competitive inequality arising from differences in national capital requirements
作为一种变通性方式，可以在法律中要求基金经理人受托人和其它的服务机构保持持有充分的创设资金和运营资金，以确保他们有能力承担经济责任。