liability
Americannoun
plural
liabilities-
liabilities,
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Finance. moneys owed; debts or pecuniary obligations (assets ).
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Accounting. liabilities as detailed on a balance sheet, especially in relation to assets and capital.
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something disadvantageous.
His lack of education is his biggest liability.
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Also liableness the state or quality of being liable.
liability to disease.
noun
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the state of being liable
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a financial obligation
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a hindrance or disadvantage
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likelihood or probability
Other Word Forms
- nonliability noun
- preliability noun
Etymology
Origin of liability
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
“If you’re assuming you have to pay a tariff, then the only way to lower your liability is to change the value a bit,” said Dave Townsend, an international trade lawyer at Dorsey & Whitney.
Like retirement systems across the country, Alabama’s state-employee and teacher funds face significant unfunded liabilities.
“Those taxpayers are left to defend their tax returns when the government suddenly appears unannounced, out of nowhere, asserting massive tax liabilities from decades earlier,” the filing said.
From MarketWatch
What was a liability has become a saving grace among car buyers sick of screens.
They both also said the settlement was not an admission of liability on Dyson's part.
From BBC
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
