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1. (n.) liability
liabilities,
2. liability
moneys owed; debts or pecuniary obligations (opposed to assets).
3. liability
liabilities as detailed on a balance sheet, esp. in relation to assets and capital.
4. liability
something disadvantageous:
His lack of funds is his biggest liability.
5. liability
Also, lia&syl;ble&syl;ness. the state or quality of being liable.
Etymology: (1785–95)
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| Definition of 'Liability' |
Princeton's WordNet |
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1. (noun) liability
the state of being legally obliged and responsible
2. (noun) indebtedness, liability, financial obligation
an obligation to pay money to another party
3. (noun) liability
the quality of being something that holds you back
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1. (noun) liability
legal responsibility
We cannot accept any liability for changes to the reservations.
2. liability
sb or sth that causes trouble for sb else
Her husband is a liability to her political career.
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| Definition of 'Liability' |
Webster Dictionary |
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1. (noun) Liability
the state of being liable; as, the liability of an insurer; liability to accidents; liability to the law
2. (noun) Liability
that which one is under obligation to pay, or for which one is liable
3. (noun) Liability
the sum of one's pecuniary obligations; -- opposed to assets
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| Alternative search options for 'Liability' |
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Definitions of Liability 
