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liability
[lahy-uh-bil-i-tee]
noun
plural
liabilitiesliabilities,
Finance.moneys owed; debts or pecuniary obligations (assets ).
Accounting.liabilities as detailed on a balance sheet, especially in relation to assets and capital.
something disadvantageous.
His lack of education is his biggest liability.
Also liableness the state or quality of being liable.
liability to disease.
liability
/ ˌɪəˈɪɪɪ /
noun
the state of being liable
a financial obligation
a hindrance or disadvantage
likelihood or probability
liability
An obligation or debt.
Other 51Թ Forms
- nonliability noun
- preliability noun
51Թ History and Origins
Origin of liability1
Example Sentences
Supreme Court threw out Mexico’s lawsuit, ruling unanimously that federal law shields gunmakers from nearly all liability.
“This budget has been delivered under extremely difficult conditions — uncertainty from Washington, the explosion of liability payments, unexpected rising costs and lower than expected revenues,” she said.
Trump stood by Musk even as the latter's popularity dropped, as he feuded with administration officials and as he became a liability in several key elections earlier this year.
Nonetheless, the justices in an unanimous decision threw out Mexico’s lawsuit against the U.S. gun industry, ruling that federal law shields gun makers from nearly all liability.
The court voted 9-0 to reject the suit, in the process upholding a 2005 law that shields gun manufacturers from liability if weapons they produce are misused.
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