[lahy-uh-bil-i-tee] /ˌlaɪ əˈbɪl ɪ ti/
noun, plural liabilities.
His lack of education is his biggest liability.
Also, liableness. the state or quality of being liable:
liability to disease.
noun (pl) -ties
the state of being liable
a financial obligation
a hindrance or disadvantage
likelihood or probability
1790, originally a term in law; “condition of being legally liable;” see liable + -ity. General sense is from 1809; meaning “thing for which one is liable” is first attested 1842. Related: Liabilities.
An obligation or debt.
- Liability engineering
noun (commerce) 1. the practice by a company of taking steps to avoid liability for any fraudulent dealings with it, such as making a credit-card owner responsible for any abuses of the card by a third party
noun 1. insurance covering the insured against losses arising from injury or damage to another person or property.
noun 1. the highest amount that a liability insurer will pay on a single claim.
[lahy-uh-buh l] /ˈlaɪ ə bəl/ adjective 1. legally responsible: You are liable for the damage caused by your action. 2. subject or susceptible: to be liable to heart disease. 3. likely or apt: He’s liable to get angry. /ˈlaɪəbəl/ adjective (postpositive) 1. legally obliged or responsible; answerable 2. susceptible or exposed; subject 3. probable, likely, […]