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noun, plural -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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Liability
is an LSAT word you need to know.
So is principal. Does it mean:
| involving an extremely important decision or result; critical |
| first or highest in rank, importance or value |
Collins
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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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
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American Heritage
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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