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liability

From Wiktionary, the free dictionary

English

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Etymology

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Fromliable +‎-ity.

Pronunciation

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  • IPA(key): /laɪəˈbɪlɪti/
  • Audio(US):(file)
  • Hyphenation:li‧abil‧ity

Noun

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EnglishWikipedia has an article on:
Wikipedia

liability (countable anduncountable,pluralliabilities)

  1. Anobligation,debt orresponsibility owed to someone.
    Coordinate term:asset
    • 1901,W. W. Jacobs,The Monkey's Paw:
      "I was to say that Maw and Meggins disclaim all responsibility," continued the other. "They admit noliability at all, but in consideration of your son's services they wish to present you with a certain sum as compensation."
    • 2022 September 29, Kalyeena Makortoff, Sarah Butler, “‘I’d never seen anything like it’: how market turmoil sparked a pension fund selloff”, inThe Guardian[1]:
      Those products – known asliability-driven investing, or LDIs – help offsetliabilities and risks on pension funds’ books.
    1. (accounting) Any item recorded on theright-hand side of abalance sheet.
      Antonym:asset
  2. Ahandicap that holds something back, adrawback, someone or something that is aburden to whoever is required to take care of them; a person or action thatexposes others to greaterrisk.
    Coordinate term:asset
    • 2016 January 31, “Is Huma Abedin Hillary Clinton’s Secret Weapon or Her Next Big Problem?”, inVanity Fair[2]:
      Asked if at some point Huma becomes aliability to Hillary, the long-term Clinton insider replies, “It’s like anything else. I don’t think so, but you know I don’t have any idea. Hillary is very loyal, but she’s obviously pragmatic.”
    1. (informal, mildly derogatory) A person on a team that is more of ahindrance than ahelp.
      You're a bloodyliability sometimes!
  3. Thelikelihood of something happening.
  4. The condition of beingsusceptible to something.

Derived terms

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Translations

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debt
responsibility, obligationsee alsoresponsibility,‎obligation
(accounting) any item recorded on the right-hand side of a balance sheet
handicap, drawback, or burdensee alsoburden,‎drawback
likelihood of an event
the condition of being susceptible to somethingsee alsosusceptibility

Anagrams

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