liability

liability
noun
1 (U) legal responsibility for something, especially for paying money that is owed, or for damage or injury
(+ for): Tenants have legal liability for any damage they cause.
2 liabilities technical the amount of debt that must be paid
3 (singular) someone or something that is likely to cause problems for someone: A kid like Tom would be a liability in any classroom.
4 liability to sth the amount that something is likely to be affected by a particular kind of problem, illness etc: The patient may suffer greater liability to bacterial diseases.
-see also: limited liability

Longman dictionary of contemporary English. 2004.

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  • liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds …   Law dictionary

  • LIABILITY — (Torts). Every person of full mental capacity, male or female (BK 15a), when causing injury to another person, is liable to the injured party for any damage which his negligent conduct causes the latter to suffer (see torts ), even a husband to… …   Encyclopedia of Judaism

  • Liability — Li a*bil i*ty (l[imac] [.a]*b[i^]l [i^]*t[y^]), n.; pl. {Liabilities} ( t[i^]z). [1913 Webster] 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law. [1913 Webster] 2. That which one is under …   The Collaborative International Dictionary of English

  • liability — [n1] answerability, responsibility accountability, accountableness, amenability, amenableness, arrearage, blame, burden, compulsion, culpability, debt, duty, indebtedness, obligation, onus, owing, subjection, susceptibility; concept 645 Ant.… …   New thesaurus

  • liability — liability. См. подверженность. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) …   Молекулярная биология и генетика. Толковый словарь.

  • liability — Any legal obligation for which a person is responsible. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • liability — 1790, originally a term in law; condition of being legally liable; see LIABLE (Cf. liable) + ITY (Cf. ity). General sense is from 1809; meaning thing for which one is liable is first attested 1842. Related: Liabilities …   Etymology dictionary

  • Liability —   Liability is usually, a legal obligation to pay a definite or reasonably certain amount at a definite or reasonably certain time in return for a current benefit. Some of the criteria are not met by items classified as liabilities where there… …   International financial encyclopaedia

  • liability — /ingl. ˌlaɪəˈbɪlɪti/ s. f. inv. passività, passivo …   Sinonimi e Contrari. Terza edizione

  • liability — *debt, indebtedness, obligation, debit, arrear Antonyms: asset (or plural assets) …   New Dictionary of Synonyms

  • liability — ► NOUN (pl. liabilities) 1) the state of being liable. 2) a thing for which someone is liable, especially a financial obligation. 3) a person or thing likely to cause one embarrassment or put one at a disadvantage …   English terms dictionary

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