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liability

li·a·bil·i·ty
L l

Transcription

    • US Pronunciation
    • US IPA
    • UK Pronunciation
    • UK IPA
    • [lahy-uh-bil-i-tee]
    • /ˌlaɪ əˈbɪl ɪ ti/
    • /ˌlaɪ.əˈbɪl.ɪ.ti/
    • US Pronunciation
    • US IPA
    • [lahy-uh-bil-i-tee]
    • /ˌlaɪ əˈbɪl ɪ ti/

Definitions of liability word

  • noun plural liability liabilities. moneys owed; debts or pecuniary obligations (opposed to assets). Accounting. liabilities as detailed on a balance sheet, especially in relation to assets and capital. 1
  • noun plural liability something disadvantageous: His lack of education is his biggest liability. 1
  • noun plural liability Also, liableness. the state or quality of being liable: liability to disease. 1
  • noun liability The state of being responsible for something, esp. by law. 1
  • noun liability legal responsibility for acts 1
  • noun liability hindrance 1

Information block about the term

Origin of liability

First appearance:

before 1785
One of the 44% newest English words
First recorded in 1785-95; li(able) + -ability

Historical Comparancy

Parts of speech for Liability

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation

liability popularity

A common word. It’s meaning is known to most children of preschool age. About 90% of English native speakers know the meaning and use the word.
Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

liability usage trend in Literature

This diagram is provided by Google Ngram Viewer

Synonyms for liability

noun liability

  • duty — something that one is expected or required to do by moral or legal obligation.
  • culpability — guilt or blame that is deserved; blameworthiness.
  • accountability — the state of being accountable, liable, or answerable.
  • burden — If you describe a problem or a responsibility as a burden, you mean that it causes someone a lot of difficulty, worry, or hard work.
  • obligation — something by which a person is bound or obliged to do certain things, and which arises out of a sense of duty or results from custom, law, etc.

Antonyms for liability

noun liability

  • asset — Something or someone that is an asset is considered useful or helps a person or organization to be successful.
  • irresponsibility — said, done, or characterized by a lack of a sense of responsibility: His refusal to work shows him to be completely irresponsible.
  • advantage — An advantage is something that puts you in a better position than other people.
  • profit — Often, profits. pecuniary gain resulting from the employment of capital in any transaction. Compare gross profit, net profit. the ratio of such pecuniary gain to the amount of capital invested. returns, proceeds, or revenue, as from property or investments.
  • aid — Aid is money, equipment, or services that are provided for people, countries, or organizations who need them but cannot provide them for themselves.

Top questions with liability

  • what is an limited liability corporation?
  • what is limited liability corporation?
  • what is a limited liability company?
  • what is limited liability company?
  • what is liability?
  • what does liability insurance cover?
  • what is a liability?
  • what is liability insurance?
  • what is tax liability?
  • what does liability mean?
  • what are current liability?
  • what is cyber liability insurance?
  • which of the following is not a liability?
  • which of the following is a current liability?
  • which of the following is a liability?

See also

Matching words

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