definitions
  • synonyms

liability

[ lahy-uh-bil-i-tee ]
/ ˌlaɪ əˈbɪl ɪ ti /
|

noun, plural li·a·bil·i·ties.

liabilities,
  1. 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·a·ble·ness. the state or quality of being liable: liability to disease.

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RELATED WORDS

immunity, exception, exemption, license, permission, liberty, dispensation, privilege, security

Nearby words

li yüan, li-fraumeni cancer syndrome, li-sao, lia, liabilities, liability, liability engineering, liability insurance, liability limit, liable, liaise

Origin of liability

First recorded in 1785–95; li(able) + -ability
Related formsnon·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.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for non-liability

  • It cannot too plainly be repeated that non-liability to be sued means non-existence of credit.

    Marriage, As It Was, As It Is, And As It Should Be|Annie Besant
  • Non-liability to tear the hands, since nearly all surfaces are neatly rounded.

British Dictionary definitions for non-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

Word Origin and History for non-liability

liability


n.

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.

Online Etymology Dictionary, © 2010 Douglas Harper

Culture definitions for non-liability

liability


An obligation or debt.

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.