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De - Pt| English Dictionary: 'Liabilities | by the DICT Development Group |
| 1 result for 'Liabilities | |
| From Webster's Revised Unabridged Dictionary (1913) [web1913]: | |
|
Liability \Li`a*bil"i*ty\ (l[imac]`[adot]*b[icr]l"[icr]*t[ycr]), n.; pl. {Liabilities} (-t[icr]z). 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law. 2. 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}. | |
