liability

[ lahy-uh-bil-i-tee ]
/ ˌlaɪ əˈbɪl ɪ ti /
SEE SYNONYMS FOR liability ON THESAURUS.COM

noun, plural li·a·bil·i·ties.

liabilities,
  1. moneys owed; debts or pecuniary obligations (opposed to assets).
  2. Accounting. liabilities as detailed on a balance sheet, especially in relation to assets and capital.
something disadvantageous: His lack of education is his biggest liability.
Also li·a·ble·ness. the state or quality of being liable: liability to disease.

Origin of liability

First recorded in 1785–95; li(able) + -ability

OTHER WORDS FROM liability

non·li·a·bil·i·ty, noun, plural non·li·a·bil·i·ties. pre·li·a·bil·i·ty, noun, plural pre·li·a·bil·i·ties.

Words nearby liability

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Content related to liability

Tax Words To Learn Right Now (Or At Least Before April 15) Tax season is universally loathed. To help make this process a little less dreadful, we've broken down some of the US tax lingo you're likely to encounter.
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Words related to liability

duty, culpability, accountability, burden, obligation, debt, mortgage, loan, inconvenience, damage, responsibility, involvement, exposure, susceptibility, onus, amenability, indebtedness, blame, compulsion, subjection

Example sentences from the Web for liability

British Dictionary definitions for liability

liability
/ (ˌlaɪəˈbɪlɪtɪ) /

noun plural -ties

the state of being liable
a financial obligation
a hindrance or disadvantage
likelihood or probability

Cultural definitions for liability

liability

An obligation or debt.