LIABILITY

liability

(noun) the quality of being something that holds you back

indebtedness, liability, financial obligation

(noun) an obligation to pay money to another party

liability

(noun) the state of being legally obliged and responsible

Source: WordNet® 3.1


Noun

liability (countable and uncountable, plural liabilities)

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.

Antonyms

• asset

Anagrams

• alibility

Source: Wiktionary


Li`a*bil"i*ty, n.; pl. Liabilities (.

1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.

2. That which one is under obligation to pay, or for which one is liable. Specifically, in the pl.,

Definition: the sum of one's pecuniary obligations; -- opposed to assets. Limited liability. See Limited company, under Limited.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

2 April 2025

COVERT

(adjective) secret or hidden; not openly practiced or engaged in or shown or avowed; “covert actions by the CIA”; “covert funding for the rebels”


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Coffee Trivia

In 1511, leaders in Mecca believed coffee stimulated radical thinking and outlawed the drink. In 1524, the leaders overturned that order, and people could drink coffee again.

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