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liability
[ lahy-uh-bil-i-tee ]
noun
- liabilities,
- 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 ···Ա [] 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 Word Forms
- ԴDz·····ٲ noun plural nonliabilities
- ·····ٲ noun plural preliabilities
Word History and Origins
Origin of liability1
Example Sentences
The prince, who has denied all claims against him, reached an out-of-court settlement with her in 2022 which contained no admission of liability or apology.
As of January, the company faced total current liabilities of more than $426 million.
You are solely responsible for meeting your legal requirements and getting any necessary liability insurance coverage for your business.
Harvard has to spend the money the way the donors have directed, or it risks legal liability.
These assemblies are chosen by lot from the citizenry at large and deliberate on matters of policy, much as trial juries deliberate on matters of civil or criminal liability.
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