LIABILITY

n.

3 definitions — Webster’s Dictionary (1828)


1.
n.

The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.

2.
n.

That which one is under obligation to pay, or for which one is liable. Specifically, in the pl.,

3.
n.

the sum of one's pecuniary obligations; -- opposed to assets. Limited liability. See Limited company, under Limited.


← LI BELLA L — all words LIABLE →