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liabilities - 2 dictionary results

li⋅a⋅bil⋅i⋅ty

  [lahy-uh-bil-i-tee]
Use liabilities in a Sentence
–noun, plural -ties.
1. liabilities,
a. moneys owed; debts or pecuniary obligations (opposed to assets ).
b. Accounting. liabilities as detailed on a balance sheet, esp. in relation to assets and capital.
2. something disadvantageous: His lack of education is his biggest liability.
3. Also, li⋅a⋅ble⋅ness. the state or quality of being liable: liability to disease.
Origin:
1785–95; li(able) + -ability
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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li·a·bil·i·ty   (lī'ə-bĭl'ĭ-tē)   
n.   pl. li·a·bil·i·ties
  1. The state of being liable.
    1. Something for which one is liable; an obligation, responsibility, or debt.
    2. liabilities The financial obligations entered in the balance sheet of a business enterprise.
  3. Something that holds one back; a handicap.
  4. Likelihood.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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