liability

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“
Over time the liability is adjusted for the change in present value of the liability or as a result of changes to either the timing or amount of the original estimate of undiscounted future cash flows.

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Definitions (16)

Toggle American Heritage definitions American Heritage Dictionary (5)

  1. noun The state of being liable.
  2. noun Something for which one is liable; an obligation, responsibility, or debt.
  3. noun The financial obligations entered in the balance sheet of a business enterprise.
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Toggle Century definitions Century Dictionary (6)

Toggle GNU Webster definitions GNU Webster's 1913 (2)

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Examples (46)

  • Another liability was a note for forty-seven hundred dollars discounted by a Pennsylvania banker, a personal friend. —  The Romance and Tragedy
  • Wouldn't a "toxic asset" be better known as a liability? —  OPINION
  • We are in the process of finalizing the value of the embedded derivatives, and the estimated fair value of the liability is about $24 million at June 30, 2008. —  Financial Sector and Stocks Analysis from Seeking Alpha
  • This liability was also evident at the combine, where his best time in 40 yards was 4.82 seconds. —  Sports News : CBSSports.com
  • [Page: S700] problem because the employer has to be able to have an opportunity to mount a legitimate defense with records that would be kept, with witnesses who would come forward, with memories that would be fresh, to give the employer the right to know what the liability is and be able to have witnesses or the person who is accused there to make the other side of the case. —  Shopfloor
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Roget's II Roget's II: The New Thesaurus

Allen's Allen's Synonyms and Antonyms

Used in the same context Used in the Same Context

debt ·  asset ·  obligation ·  income ·  responsibility ·  payment ·  expense ·  equity ·  expenditure ·  dividend ·  risk ·  contribution

Used in the same contextWord Family

liability:   liabilities
Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary. Copyright © 2003, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
 

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/laɪəˈbɪləti/
by American Heritage

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