Skip to definition.
Get the FREE one-click dictionary software for Windows.


Noun: liability  `lIu'bilitee
  1. The state of being legally obliged and responsible
     
  2. An obligation to pay money to another party
    - indebtedness, financial obligation
     
  3. The quality of being something that holds you back

Derived forms: liabilities

See also: liable

Type of: bad, badness, obligation, susceptibility, susceptibleness

Antonym: asset

Encyclopedia: Liability

Nearest

LGV
LH
Lhasa
Lhasa apso
Lhotse
LHS
Li
li
Li Po
liabilities
liability
liability insurance
liable
liaise
liaison
Liakoura
Liam O'Flaherty
liana
Liao
Liao dynasty
Liaodong Bandao