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liability
[ lahy-uh-bil-i-tee ]
/ ˌlaɪ əˈbɪl ɪ ti /
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noun, plural li·a·bil·i·ties.
liabilities,
- Finance. moneys owed; debts or pecuniary obligations (opposed to assets).
- 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 [lahy uh buhl-nis]. /ˈlaɪ ə bəl nɪs/. the state or quality of being liable: liability to disease.
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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
L'Hospital's rule, Lhotse, LHRH, li, liabilities, liability, liability engineering, liability insurance, liability limit, liable, liaise
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022
How to use liability in a sentence
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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for liability
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.