Pronunciation: ˈkreɪzi haʊs
Parts of Speech: noun
pejorative term for an insane asylum
liability
Definition: Meaning of, liability in English to English dictionary.
Pronunciation: / lʌɪəˈbɪlɪti /
- noun
- synonym
- antonym
| Word Forms: |
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[uncountable] legal responsibility for something, especially for paying money that is owed, or for damage or injury
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liabilities [plural] technical the amount of debt that must be paid
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[singular] someone or something that is likely to cause problems for someone
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liability to something law the amount that something is likely to be affected by a particular kind of problem, illness etc
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synonym
antonym
liability used in phrases
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liability insurance
(noun)
-
insurance that provides protection from claims arising from injuries or damage to other people or property
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insurance that provides protection from claims arising from injuries or damage to other people or property
-
limited liability
(noun)
-
technical the legal position of being responsible for paying only a limited amount of debt if something bad happens to yourself or your company
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technical the legal position of being responsible for paying only a limited amount of debt if something bad happens to yourself or your company
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tax liability
(noun)
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the amount of tax owed; calculated by applying the tax rate to the tax base
-
the amount of tax owed; calculated by applying the tax rate to the tax base
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