liability : Dictionary / Wörterbuch (BEOLINGUS, TU Chemnitz)

English Dictionary: liability	by the DICT Development Group
2 results for liability
From WordNet (r) 3.0 (2006) [wn]:
liability n the state of being legally obliged and responsible an obligation to pay money to another party Synonym(s): indebtedness, liability, financial obligation the quality of being something that holds you back Antonym(s): asset, plus
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Liability \Li`abil"ity\ (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}.