liability
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.
Origin of liability
Related Words for liabilities
duty, culpability, accountability, burden, obligation, debt, mortgage, loan, inconvenience, damage, responsibility, involvement, exposure, susceptibility, onus, amenability, indebtedness, blame, compulsion, subjectionExamples from the Web for liabilities
Contemporary Examples of 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.
Historical Examples of liabilities
If arrested, they can have no claim to exemption from the liabilities of criminals.
The Works of Whittier, Volume VII (of VII)John Greenleaf Whittier
Its liabilities were small, it was merely in want of ready-money.
The Fortune of the RougonsEmile Zola
The most intangible of assets and the most unescapable of liabilities.
RopeHolworthy Hall
The liabilities thus frankly stated, let us turn to the assets.
The Legacy of GreeceVarious
How was he to pay up the liabilities of his bank shares from his dwindling practice?
A Houseful of GirlsSarah Tytler