American Heritage® Dictionary of the English Language, Fourth Edition
- n. The state of being liable.
- n. Something for which one is liable; an obligation, responsibility, or debt.
- n. The financial obligations entered in the balance sheet of a business enterprise.
- n. Something that holds one back; a handicap.
- n. Likelihood.
Century Dictionary and Cyclopedia
- n. The state of being liable through obligation orduty; fixed or contingent responsibility; exposure to that which is or may be required: as, the liability of a principal for his agent's acts. In this sense, in law, it is sometimes used as including, and sometimes as excluding, contingent demands and unliquidated damages.
- n. The state of being liable incidentally or by chance; exposure to that which is possible or probable; tendency; susceptibility: as, liability to accident or contagion; a physician's liability to broken rest.
- n. That for which one is liable; that to which one is bound or exposed; a fixed or contingent obligation: as, to incur or assume a heavy liability (as for the payment of a debt or the performance of a service); the assets and liabilities of a bank.
- n. the condition of being liable
- n. an obligation, debt or responsibility owed to someone.
- n. a handicap that holds one back
- n. the likelihood of something happening
GNU Webster's 1913
- n. The state of being liable
- n. That which one is under obligation to pay, or for which one is liable. the sum of one's pecuniary obligations; -- opposed to
- n. the quality of being something that holds you back
- n. the state of being legally obliged and responsible
- n. an obligation to pay money to another party
“But usually someone used the term liability—at least in the movies—to mean someone on the home team.”
“He has proven record on many front, his liability is his party band name in 2008, not his policy as much.”
“What kind of liability is a name like “scooter” in prison?”
“$3.3 million of our net proceeds to the ones which we classified as a liability on our balance sheet.”
“Eliminating all other healthcare coverage including healthcare coverage in liability policies.”
“GT, try thinking of it as though the unfunded liability is a sunk cost.”
“My notion of an "unfunded liability" is anything we are obligated to pay for which we do not at present have funds on hand.”
“Now, the potential liability is nearly infinite and two, the supply of doctors is quite suppressed due to the cost of med mal ins.”
“His potential liability is his reputation as centrist in an increasingly conservative party.”
“India passed a law in late August that exposes to liability companies that provide nuclear reactors and other equipment for power plants, a departure from the standard practice in most nuclear-energy markets, where all liability is channeled to plant operators.”
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