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 liability
duty, culpability, accountability, burden, obligation, debt, mortgage, loan, inconvenience, damage, responsibility, involvement, exposure, susceptibility, onus, amenability, indebtedness, blame, compulsion, subjectionExamples from the Web for liability
Contemporary Examples of liability
Except for in the Academy, where a low number seems to be a liability.
But will his racially charged rhetoric make him a liability instead?
And when it comes to liability litigation, as inevitably it will, Rolls Royce would seem to be off the hook.
They also have liability insurance, which helps them make payments to passengers who are harmed or killed.
So the company and its insurance policy bear no liability for what happened.
Historical Examples of liability
Would Lord Culduff be disposed to accept his share in this liability?
The Bramleighs Of Bishop's FollyCharles James Lever
This liability to breakage is reduced, but not eliminated, by the asbestos annealing.
On Laboratory ArtsRichard Threlfall
How this liability was dispelled, will be related, with other incidents, in the next chapter.
My Bondage and My FreedomFrederick Douglass
With the liability to accident, we must see how little account is to be made of it.
Walden, and On The Duty Of Civil DisobedienceHenry David Thoreau
This early rule of law fixing their liability has been greatly changed.
Up To Date BusinessVarious