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liability

   Also found in: Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
li·a·bil·i·ty  (l-bl-t)
n. pl. li·a·bil·i·ties
1. The state of being liable.
2.
a. Something for which one is liable; an obligation, responsibility, or debt.
b. liabilities The financial obligations entered in the balance sheet of a business enterprise.
3. Something that holds one back; a handicap.
4. Likelihood.

liability
Noun
pl -ties
1. someone or something that is a problem or embarrassment
2. the state of being legally responsible
3. (often pl) sums of money owed by an organization
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.liabilityliability - the state of being legally obliged and responsible
susceptibility, susceptibleness - the state of being susceptible; easily affected
taxability - liability to taxation
ratability, rateability - the state of being liable to assessment or taxation
2.liability - an obligation to pay money to another party
limited liability - the liability of a firm's owners for no more than the capital they have invested in the firm
obligation - the state of being obligated to do or pay something; "he is under an obligation to finish the job"
debt - the state of owing something (especially money); "he is badly in debt"
arrears - the state of being behind in payments; "an account in arrears"
account payable, payable - a liability account showing how much is owed for goods and services purchased on credit; "the problem was to match receivables and payables in the same currency"
scot and lot - obligations of all kinds taken as a whole
3.liability - the quality of being something that holds you back
bad, badness - that which is below standard or expectations as of ethics or decency; "take the bad with the good"
weak point - an attribute that is inadequate or deficient
disadvantage - the quality of having an inferior or less favorable position
asset, plus - a useful or valuable quality

liability
Translations

liability [laɪəˈbɪlətɪ] nresponsabilidad f (= handicap); desventaja
liability [laɪəˈbɪlətɪ] nresponsabilité f (= handicap); handicap m
liability [laɪəˈbɪlətɪ] nBelastung f;
(Law) → Haftung f;
liabilities npl (Comm) → Verbindlichkeiten pl
liability [laɪəˈbɪlətɪ] nresponsabilità f inv (= handicap); peso

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? Mentioned in ? References in classic literature
 
"Ah, I see," the Noser said, thoughtfully; "it is a liability.
It took of course more than that particular passage to place us together in presence of what we had now to live with as we could-- my dreadful liability to impressions of the order so vividly exemplified, and my companion's knowledge, henceforth--a knowledge half consternation and half compassion--of that liability.
There were accidents to machinery, the liability of trains to run off the line, collisions, bad weather, the blocking up by snow--were not all these against Phileas Fogg?
 
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