51Թ

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liability

[lahy-uh-bil-i-tee]

noun

plural

liabilities 
  1. liabilities,

    1. Finance.moneys owed; debts or pecuniary obligations (assets ).

    2. 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 liableness the state or quality of being liable.

    liability to disease.



liability

/ ˌɪəˈɪɪɪ /

noun

  1. the state of being liable

  2. a financial obligation

  3. a hindrance or disadvantage

  4. likelihood or probability

“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

liability

  1. An obligation or debt.

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Other 51Թ Forms

  • nonliability noun
  • preliability noun
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51Թ History and Origins

Origin of liability1

First recorded in 1785–95; li(able) + -ability
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Example Sentences

Examples have not been reviewed.

Supreme Court threw out Mexico’s lawsuit, ruling unanimously that federal law shields gunmakers from nearly all liability.

From

“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.

From

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.

From

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.

From

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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liabilitiesliability engineering