Associations to the word «Liability»

Wiktionary

LIABILITY, noun. The condition of being liable.
LIABILITY, noun. An obligation, debt or responsibility owed to someone.
LIABILITY, noun. A handicap that holds something back.
LIABILITY, noun. The likelihood of something happening.
LIABILITY INSURANCE, noun. Any insurance against a potential loss due to the insured's liability for injury or damage to others.

Dictionary definition

LIABILITY, noun. The state of being legally obliged and responsible.
LIABILITY, noun. An obligation to pay money to another party.
LIABILITY, noun. The quality of being something that holds you back.

Wise words

In words, as fashions, the same rule will hold; Alike fantastic, if too new, or old: Be not the first by whom the new are tried, Nor yet the last to lay the old aside.
Alexander Pope