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liability

[ lahy-uh-bil-i-tee ]
/ 藢la瑟 蓹藞b瑟l 瑟 ti /
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See synonyms for: liability / liabilities on Thesaurus.com

noun, plural li路a路bil路i路ties.
liabilities,
  1. Finance. 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路a路ble路ness [lahy-uh-buhl-nis]. /藞la瑟 蓹 b蓹l n瑟s/. the state or quality of being liable: liability to disease.
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Origin of liability

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

OTHER WORDS FROM liability

non路li路a路bil路i路ty, noun, plural non路li路a路bil路i路ties.pre路li路a路bil路i路ty, noun, plural pre路li路a路bil路i路ties.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, 漏 Random House, Inc. 2022

How to use liability in a sentence

British Dictionary definitions for liability

liability
/ (藢la瑟蓹藞b瑟l瑟t瑟) /

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 漏 William Collins Sons & Co. Ltd. 1979, 1986 漏 HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for liability

liability

An obligation or debt.

The New Dictionary of Cultural Literacy, Third Edition Copyright 漏 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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