noun, plural li·a·bil·i·ties.
- moneys owed; debts or pecuniary obligations (opposed to assets).
- Accounting. liabilities as detailed on a balance sheet, especially in relation to assets and capital.
Examples from the Web for liabilities
That means insurers are involved in assessing both the liabilities involved in the airplane itself and of the airline.
LS Fashion Limited is fully able to meet the company's liabilities and pay all suppliers and customers.
Bush has the liabilities everyone knows—his last name, mostly, and that fire-in-the-belly business.
The liabilities are there and if you want to take them, go for it.
If the outcome is that they do reduce some of these liabilities, that could be an incentive for the filing.
Under this bond he pledged himself to pay off his liabilities at the rate of £120 a month.George Morland|Edward D. Cuming
Balzac's liabilities, at the moment of the failure, were one hundred and thirteen thousand francs.Balzac|Frederick Lawton
Sir Stafford, who only learned about the half of his son's liabilities, was thunderstruck at the amount.The Daltons, Volume I (of II)|Charles James Lever
Having succeeded thus to the titles and estates of his predecessor, he succeeded also to his liabilities, debts, and engagements.The Memoirs of Louis XIV., His Court and The Regency, Complete|Duc de Saint-Simon
As a rule, the liabilities are paid (if possible), from the cash funds on hand, leaving the net assets for division.
British Dictionary definitions for liabilities (1 of 2)
British Dictionary definitions for liabilities (2 of 2)
noun plural -ties
Word Origin and History for liabilities
1790, originally a term in law; "condition of being legally liable;" see liable + -ity. General sense is from 1809; meaning "thing for which one is liable" is first attested 1842. Related: Liabilities.
Culture definitions for liabilities
An obligation or debt.