[ lahy-uh-bil-i-tee ]
/ ˌlaɪ əˈbɪl ɪ ti /
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.
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.
CAN YOU ACE THIS QUIZ ABOUT “COMPLIMENT” VS. “COMPLEMENT”?
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“Compliment” and “complement” had a shared meaning a long time ago, but today they are no longer interchangeable.
OTHER WORDS FROM liabilitynon·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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
Example sentences 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.The Modern American Pistol and Revolver|A. C. Gould
British Dictionary definitions for non-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 non-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.