LIABILITY


Meaning of LIABILITY in English

n.

Pronunciation: ˌ l ī - ə - ' bi-l ə -t ē

Function: noun

Inflected Form: plural -ties

Date: 1705

1 a : the quality or state of being liable b : PROBABILITY

2 : something for which one is liable especially : pecuniary obligation : DEBT ― usually used in plural

3 : one that acts as a disadvantage : DRAWBACK

Merriam Webster Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.