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liability
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Liability
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li·a·bil·i·ty
/
ˌlaɪ
əˈbɪl
ɪ
ti
/
Show Spelled
[
lahy-
uh
-
bil
-i-tee
]
Show IPA
noun,
plural
li·a·bil·i·ties.
1.
liabilities.
a.
moneys owed; debts or pecuniary obligations ( opposed to
assets
).
b.
Accounting.
liabilities as detailed on a
balance sheet
, especially 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
Related forms
non·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 Dictionary, © Random House, Inc. 2013.
Cite This Source
|
Link To
liability
Collins
World English Dictionary
liability
(ˌlaɪəˈbɪlɪtɪ)
—
n
,
pl
-ties
1.
the state of being liable
2.
a financial obligation
3.
a hindrance or disadvantage
4.
likelihood or probability
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Relevant Questions
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What Is Public Liability...
What Are Liabilities?
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What Are Liabilities?
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00:10
Liability
is an LSAT word you need to know.
So is
property
. Does it mean:
So is
vicious circle
. Does it mean:
So is
valid
. Does it mean:
purpose or attitude toward the effect of one's actions or conduct:
the possession or possessions of a particular owner, such as land or goods
being essential, indispensable, or requisite:
the use of each of two terms to define the other, neither fully able to be sustained without the other
an argument of demonstrable truth or soundness.
to act in accord with the prevailing standards, attitudes and practices of society or a group
LEARN MORE LSAT WORDS WITH WORD DYNAMO...
Etymonline
Word Origin & History
liability
c.1800, a term in law; "condition of being legally liable;" from
liable
. General sense is from 1809; meaning "thing for which one is liable" is first attested 1842. Related: Liabilities.
Online Etymology Dictionary, © 2010 Douglas Harper
Cite This Source
American Heritage
Cultural Dictionary
liability definition
An obligation or
debt
.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Example sentences
If the mortgage is refinanced, the lender could retain some
liability
due to
the quality of the loan.
Still, the
liability
question looms-for the lawyers, anyway.
Then there is the whole legal
liability
for power curtailment as is usually
mentioned as one of the primary benefits.
Perry's fusillades against the program have long been seen as a potentially
huge
liability
in a general election.
To hardened backpackers, this sort of well-trod vibe is sometimes considered a
liability
.
With drug regulations being what they are coupled with medical
liability
there is no solution.
Giving giant companies a guaranteed market combined with a
liability
shield is a recipe for corruption.
They refused, unwilling to risk the
liability
and controversy.
But her troubled marriage was a political
liability
waiting to be exposed.
Moreover, corporations are also paying far more for general-
liability
insurance these days.
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Related Words
immunity
limited liability
accrued liability
contingent liability
cover
danger
exempt
exemption
fixed liability
infallible
liability limit
protest
MORE
Matching Quote
"Children must eventually train their own children, and any impoverishment of their impulse life, for the sake of avoiding friction, must be considered a possible
liability
affecting more than one lifetime"
-Erik H. Erikson
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li'centiously
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Synonyms
accountability
responsibility
inconvenience
vulnerability
disadvantage
possibility
contingency
MORE
Synonym Game
felonious
cunctation
pestiferous
impecunious
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