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3 definitions found

From: DICT.TW English-Chinese Dictionary 英漢字典

 li·a·bil·i·ty /ˌlaɪəˈbɪləti/

From: Webster's Revised Unabridged Dictionary (1913)

 Li·a·bil·i·ty n.; pl. Liabilities
 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
 2. That which one is under obligation to pay, or for which one is liable. Specifically, in the pl., the sum of one's pecuniary obligations; -- opposed to assets.
 Limited liability. See Limited company, under Limited.

From: WordNet (r) 2.0

      n 1: the state of being legally obliged and responsible
      2: an obligation to pay money to another party [syn: indebtedness,
          financial obligation]
      3: the quality of being something that holds you back [ant: asset]