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LIABILITY

Pronunciation (US): 

 Dictionary entry overview: What does liability mean? 

LIABILITY (noun)
  The noun LIABILITY has 3 senses:

1. the state of being legally obliged and responsible
2. an obligation to pay money to another party
3. the quality of being something that holds you back

  Familiarity information: LIABILITY used as a noun is uncommon.


 Dictionary entry details 


LIABILITY (noun)


Sense 1liability [BACK TO TOP]

Meaning:

The state of being legally obliged and responsible

Classified under:

Nouns denoting stable states of affairs

Hypernyms ("liability" is a kind of...):

susceptibility; susceptibleness (the state of being susceptible; easily affected)

Hyponyms (each of the following is a kind of "liability"):

taxability (liability to taxation)

ratability; rateability (the state of being liable to assessment or taxation)


Sense 2liability [BACK TO TOP]

Meaning:

An obligation to pay money to another party

Classified under:

Nouns denoting stable states of affairs

Synonyms:

financial obligation; indebtedness; liability

Hypernyms ("liability" is a kind of...):

obligation (the state of being obligated to do or pay something)

Hyponyms (each of the following is a kind of "liability"):

limited liability (the liability of a firm's owners for no more than the capital they have invested in the firm)

debt (the state of owing something (especially money))

arrears (the state of being behind in payments)

account payable; payable (a liability account showing how much is owed for goods and services purchased on credit)

scot and lot (obligations of all kinds taken as a whole)


Sense 3liability [BACK TO TOP]

Meaning:

The quality of being something that holds you back

Classified under:

Nouns denoting attributes of people and objects

Hypernyms ("liability" is a kind of...):

bad; badness (that which is below standard or expectations as of ethics or decency)

Hyponyms (each of the following is a kind of "liability"):

weak point (an attribute that is inadequate or deficient)

disadvantage (the quality of having an inferior or less favorable position)

Antonym:

asset (a useful or valuable quality)


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