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liability

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noun li·a·bil·i·ty \ˌlī-ə-ˈbi-lə-tē\

Simple Definition of liability

  • : the state of being legally responsible for something : the state of being liable for something

  • : something (such as the payment of money) for which a person or business is legally responsible

  • : someone or something that causes problems

Full Definition of liability

plural li·a·bil·i·ties

  1. 1 a :  the quality or state of being liable b :  probability

  2. 2 :  something for which one is liable; especially :  pecuniary obligation :  debt —usually used in plural

  3. 3 :  one that acts as a disadvantage :  drawback

Examples of liability

  1. The company is trying to limit its liability in this case.

  2. <a retired football player whose chief asset—his prodigious girth—has now become a liability>



1705

First Known Use of liability

1705



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February 8, 2016

to clear from accusation or blame

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