Liability

Word LIABILITY
Character 9
Hyphenation li a bil i ty
Pronunciations /laɪəˈbɪlɪti/

Definitions and meanings of "Liability"

What do we mean by liability?

The state of being liable. noun

Something for which one is liable; an obligation, responsibility, or debt. noun

The financial obligations entered in the balance sheet of a business enterprise. noun

Something that holds one back; a handicap. noun

Likelihood. noun

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. noun

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. noun

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. noun

The state of being liable noun

That which one is under obligation to pay, or for which one is liable. noun

See Limited company, under Limited. noun

The condition of being liable noun

An obligation, debt or responsibility owed to someone. noun

A handicap that holds one back noun

The likelihood of something happening noun

The quality of being something that holds you back noun

The state of being legally obliged and responsible noun

An obligation to pay money to another party noun

An obligation, debt or responsibility owed to someone.

A handicap that holds something back, a drawback, someone or something that is a burden to whoever is required to take care of them; an individual or action that exposes others to greater risk.

The likelihood of something happening.

The condition of being susceptible to something.

Synonyms and Antonyms for Liability

The word "liability" in example sentences

But usually someone used the term liability—at least in the movies—to mean someone on the home team. ❋ CELIA THOMSON (2003)

He has proven record on many front, his liability is his party band name in 2008, not his policy as much. ❋ Unknown (2008)

What kind of liability is a name like “scooter” in prison? ❋ Unknown (2005)

$3.3 million of our net proceeds to the ones which we classified as a liability on our balance sheet. ❋ Unknown (2010)

To the extent that vicarious liability is respondeat superior — responsibility for what your employees do — he has no problem with that. ❋ Rebecca Tushnet (2009)

Now, the potential liability is nearly infinite and two, the supply of doctors is quite suppressed due to the cost of med mal ins. ❋ Unknown (2009)

For one thing, you'd run afoul of possible lawsuits and legal liability from the free blog-offering sites that many of us use. ❋ Unknown (2010)

His potential liability is his reputation as centrist in an increasingly conservative party. ❋ Janet Hook (2010)

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. ❋ Unknown (2010)

The benefit of using contributory liability is to ask nuanced questions about whether a particular third-party defendant is in a position to take cheap and effective precautions against infringement without also wiping out a lot of valuable noninfringing speech. ❋ Rebecca Tushnet (2009)

My notion of an "unfunded liability" is anything we are obligated to pay for which we do not at present have funds on hand. ❋ Unknown (2009)

Peter Menell: Indirect liability is part of a larger system: law, technology and markets. ❋ Rebecca Tushnet (2009)

As RBC Capital Markets analyst David Bank says, the potential liability is relevant to the board's evaluation of the Hefner offer. ❋ Martin Peers (2010)

Eliminating all other healthcare coverage including healthcare coverage in liability policies. ❋ Unknown (2009)

But that means it can cancel an offsetting short-term liability to Bridas meaning there's no effect on its net debt-to-equity ratio, which stood at a healthy 19% at the end of September. ❋ Andrew Peaple (2011)

Vicarious liability is different: we should ask when a social problem exists such that we need to expand liability. ❋ Rebecca Tushnet (2009)

GT, try thinking of it as though the unfunded liability is a sunk cost. ❋ Unknown (2009)

Vicarious liability is becoming less important in TM — few successes in recent years — B thinks this is good. ❋ Rebecca Tushnet (2009)

Cross Reference for Liability

What does liability mean?

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