liability

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li·a·bil·i·ty

 (lī′ə-bĭl′ĭ-tē)
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

(ˌlaɪəˈbɪlɪtɪ)
n, pl -ties
1. the state of being liable
2. (Banking & Finance) a financial obligation
3. a hindrance or disadvantage
4. likelihood or probability

li•a•bil•i•ty

(ˌlaɪ əˈbɪl ɪ ti)

n., pl. -ties.
1. liabilities,
a. moneys owed; debts or pecuniary obligations (opposed to assets).
b. liabilities as detailed on a balance sheet, esp. in relation to assets and capital.
2. something disadvantageous: His lack of funds is his biggest liability.
3. Also, li′a•ble•ness. the state or quality of being liable.
[1785–95]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.liability - the state of being legally obliged and responsibleliability - 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

noun
1. disadvantage, burden, drawback, inconvenience, drag, handicap, minus (informal), nuisance, impediment, albatross, hindrance, millstone, encumbrance What was once a vote-catching policy is now a political liability.
2. responsibility, accountability, culpability, obligation, onus, answerability They admit liability, but dispute the amount of his claim.
3. tendency, susceptibility, proneness, likelihood, probability anyone whose medical history shows a liability to thromboses
plural noun
1. debts, expenditure, debit, arrears, obligations, accounts payable The company had liabilities of $250 million.

liability

noun
1. A condition of owing something to another:
2. The condition of being laid open to something undesirable or injurious:
3. Something, such as money, owed by one person to another:
Translations
تَعَرُّض لِ، إحْتِمال، مَسؤوليَّه
závaznost
ansvarerstatningsansvar
hajlamosság
ábyrgî; skaîabótaskylda
záväznosť
sorumlulukyükümlülük

liability

[ˌlaɪəˈbɪlɪtɪ]
A. N
1. (= responsibility) → responsabilidad f
to admit/deny liability (for sth)admitir/negar ser responsable (de algo)
2. (= obligation, debt) tax liabilitycarga f fiscal
current liabilitiespasivo msing circulante
long-term liabilitiespasivo msing (exigible) a largo plazo
they failed to meet their liabilitiesno hicieron frente a sus obligaciones
see also limited B
see also unlimited B
3. (= risk, burden) I do not want to be a liability to youno quiero ser una carga or un estorbo para ti
this car's a bit of a liabilityeste coche da muchos problemas
4. (= propensity) → predisposición f, propensión f (to a) the patient may have an increased liability to infectionel paciente puede tener una mayor predisposición or propensión a las infecciones
B. CPD liability insurance Nseguro m de daños a terceros, seguro m de responsabilidad civil (Sp)

liability

[ˌlaɪəˈbɪlɪti]
n
(= responsibility) → responsabilité f
to admit liability for sth → admettre sa responsabilité dans qch
liability for tax, tax liability → assujettissement à l'impôt
(= drawback)
She had become a liability to her party → Elle était devenu un handicap pour son parti.
liabilities npl (= debts) → passif m

liability

n
(= burden)Belastung f
(= being subject to) one’s liability for taxjds Steuerpflicht f; he has a tax liability of £1,000er muss £ 1000 Steuern bezahlen; liability to pay damagesSchadensersatzpflicht f
(= proneness)Anfälligkeit f(to für); his liability to digestive disordersseine Anfälligkeit für Verdauungsstörungen
(= responsibility)Haftung f; we accept no liability for …wir übernehmen keine Haftung für …; his liability for his wife’s debtsseine Haftung or Haftbarkeit für die Schulden seiner Frau
(Fin) liabilitiesVerbindlichkeiten pl, → Verpflichtungen pl

liability

[ˌlaɪəˈbɪlɪtɪ] n (Law) (responsibility) → responsabilità f inv; (burden) → peso; (person) → peso morto
see also liabilities

liable

(ˈlaiəbl) adjective
1. (with to) tending to have, get, suffer from etc. This road is liable to flooding; He is liable to pneumonia.
2. possibly or probably about (to do something or to happen). Watch the milk – it's liable to boil over.
3. legally responsible (for). The airline is liable to you for any damage to your luggage.
4. likely to get (a fine, a punishment). Do not litter! Offenders are liable to fines of up to $100.
ˌliaˈbility noun

liability

n. riesgo, responsabilidad de pago.
References in periodicals archive ?
Across the country, federal and state courts apply and interpret Alabama's products liability law, particularly the Alabama Extended Manufacturer's Liability Doctrine ("AEMLD").
One of the salient aspects of professionals' liability illustrating the application of the corrective justice theory is that of manufacturer's liability for defective products, entitling the prejudiced consumer to the full covering of his or her damage (9), while dispensing the consumer from the difficult burden of proving manufacturer's fault.
The court was aware of the potential for successive tortfeasors being held liable for damages caused by the initial tortfeasor, but was of the opinion that this issue was sufficiently addressed by the crashworthiness doctrine's legal rationale limiting a manufacturer's liability only to those damages caused by the defect.
1968), first recognized a manufacturer's liability for a crashworthiness defect.
Together, the growth of risk management requirements, confirmation of system auditability and introduction of third-party audit services, combined with manufacturer's liability concerns (including manufacturer responsibility for outsourced suppliers) ensure a continued emphasis on formal risk management systems and ISO 14971.

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