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/lˌaɪəbˈɪlɪti/ Listen

noun

Liability n. (pl. liabilities)

The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.

That which one is under obligation to pay, or for which one is liable. Specifically, in the pl., The sum of one's pecuniary obligations; opposed to assets.

Limited liability. See Limited company, under Limited.

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Etymology of 'Liability'

Collaborative International Dictionary of English 0.48

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"Liability" Quotes from Famous Books

... was becoming hysterical: the special liability of the war-bride for whom the curtain has been lifted and ...

— The Pretty Lady • Arnold E. Bennett

... will explain also the peculiar liability under which one is sometimes placed for an absolutely unintentional and unforeseen act. Thus, on a certain occasion, one of my carriers died a few days after my arrival in a settlement. Shortly after the occurrence of the death I was ...

— The Manbos of Mindano - Memoirs of the National Academy of Sciences, Volume XXIII, First Memoir • John M. Garvan

... is—and this is one way we must take it when we want to find out how it can be improved—no society is made up of a single class: society stands before us like that wonderful piece of life, the human body, with all its various parts depending on one another, and with a terrible liability to get wrong because of that delicate dependence. We all know how many diseases the human body is apt to suffer from, and how difficult it is even for the doctors to find out exactly where the seat or beginning of the disorder is. That is because the ...

— The Essays of "George Eliot" - Complete • George Eliot

... want you to pull this to pieces!" His answer came, promptly, with his re-awakened wrath: it was of course exactly what they wanted, and what they were "at" him for, daily, with the iteration of people who couldn't for their life understand a man's liability to decent feelings. He had found the place, just as it stood and beyond what he could express, an interest and a joy. There were values other than the beastly rent-values, and in short, in short—! But it was thus Miss ...

— The Jolly Corner • Henry James

... the habit of buying slaves for the Southern market. His purchaser took him to his farm in Delaware, and kept him at work till he could get a profitable chance to sell him. His new master was a desperate fellow, and Levin was uneasy with the constant liability of being sold to the far South. He opened his heart to a neighbor, who advised him to escape, and gave him a letter to Isaac T. Hopper. His wife and children had removed to Philadelphia, and there he rejoined them. She took in washing, and ...

— Isaac T. Hopper • L. Maria Child

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