Definition of liability Liability

/lajˌʌbɪˈlɪti/ - [layubilitee] - li•a•bil•i•ty

We found 15 definitions of liability from 5 different sources.

What does liability mean?

WordNet

Noun Plural: liabilities
liability - the quality of being something that holds you back
		asset, plus a useful or valuable quality
		bad, badness that which is below standard or expectations as of ethics or decency; "take the bad with the good"
		weak point an attribute that is inadequate or deficient
liability - the state of being legally obliged and responsible
		susceptibility, susceptibleness the state of being susceptible; easily affected
		taxability liability to taxation
liability - an obligation to pay money to another party
		indebtedness, financial obligation
		obligation a legal agreement specifying a payment or action and the penalty for failure to comply
		limited liability the liability of a firm's owners for no more than the capital they have invested in the firm
		debt an obligation to pay or do something
		arrears an unpaid overdue debt
		account payable, payable a liability account showing how much is owed for goods and services purchased on credit; "the problem was to match receivables and payables in the same currency"

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Wiktionary

liability (Noun)
The condition of being liable.
liability (Noun)
An obligation, debt or responsibility owed to someone.
liability (Noun)
A handicap that holds one back.
liability (Noun)
The likelihood of something happening.

Webster DictionaryWebster's Unabridged Dictionary 📘

liability (n.)
The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
liability (n.)
That which one is under obligation to pay, or for which one is liable.
liability (n.)
the sum of one's pecuniary obligations; -- opposed to assets.

OmegaWiki DictionaryOmegaWiki Dictionary Ω

liability
Subjection to a legal obligation. Liability is civil or criminal according to whether it is enforced by the civil or criminal courts.
liability
Responsibility to someone or for some activity.
liability
An obligation to pay money to another party.
liability
The quality of being something that holds you back.

Part of speech

🔤

liability, noun, singular of liabilities.

Pronunciation

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liability in sign language

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