browse words by letter
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
liability |
2 definitions found From Webster's Revised Unabridged Dictionary (1913) [web1913]: Liability \Li`a*bil"i*ty\ (l[imac]`[.a]*b[i^]l"[i^]*t[y^]), n.; pl {Liabilities} (-t[i^]z). 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., the sum of one's pecuniary obligations; -- opposed to {assets}. {Limited liability}. See {Limited company}, under {Limited}. From WordNet r 1.6 [wn]: liability n 1: the state of being legally obliged and responsible 2: possession that is owed to someone else [syn: {financial obligation}, {indebtedness}, {pecuniary obligation}] [ant: {asset}] 3: a financial condition of being indebted [syn: {indebtedness}] 4: the quality of being something that holds you back [ant: {asset}]
more about liability
This work is licensed under a
