What is the meaning of Liability?

  • (n.) the sum of one's pecuniary obligations; -- opposed to assets.
  • (n.) That which one is under obligation to pay or for which one is liable.
  • (n.) The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
Webster's Revised Unabridged Dictionary
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APAWebster's. (2011). liability. Retrieved September 20, 2026, from http://smartdefine.org/liability/definitions/2027655
ChicagoWebster's. 2011. "liability" http://smartdefine.org/liability/definitions/2027655 (accessed September 20, 2026).
HarvardWebster's 2011, liability, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/liability/definitions/2027655>.
MLAWebster's. "liability" 27 May 2011. Web. 20 September 2026. <http://smartdefine.org/liability/definitions/2027655>
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