liabilities
liabilities

liability


Definition: Meaning of, liability in English to English dictionary.

Pronunciation: / lʌɪəˈbɪlɪti /

  • noun
  • synonym
  • antonym
Word Forms:
Singular Plural
liability liabilities
  1. [uncountable] legal responsibility for something, especially for paying money that is owed, or for damage or injury
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  2. liabilities [plural] technical the amount of debt that must be paid
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  3. [singular] someone or something that is likely to cause problems for someone
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  4. 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

  • liability insurance (noun)
    1. insurance that provides protection from claims arising from injuries or damage to other people or property
  • limited liability (noun)
    1. technical the legal position of being responsible for paying only a limited amount of debt if something bad happens to yourself or your company
  • tax liability (noun)
    1. the amount of tax owed; calculated by applying the tax rate to the tax base
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