liability
n. financial obligation; debt; responsibility, obligation; disadvantage, handicap; likelihood | ||||
Search Dictionary:
Liability definition was found in categories: Business & Finance(7) Language, Idioms & Slang(3) Law(4) Science & Technology(2) Sports(1) Encyclopedia(1)
Liability Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Liability
A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation.
A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation.
| MONASH Marketing Dictionary |
| European Central Bank Glossary |
liability
A present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits.
A present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits.
| UNODC Money-Laundering Terms |
Liability
(1) Money owed; (2) obligation to do, or refrain from doing, something; and (3) a duty that eventually must be performed.
(1) Money owed; (2) obligation to do, or refrain from doing, something; and (3) a duty that eventually must be performed.
| Raynet Business & Marketing Glossary |
Liability
a financial obligation, debt, claim, or potential loss.
a financial obligation, debt, claim, or potential loss.
Liability; Current
money or obligations owed to other companies or individuals, which must be paid in a year or less.
| A Guide to Futures and Options Market Terminology : English-English |
Liability
1) In the broad legal sense, responsibility or obligation. For example, a person is liable to pay his debts, under the law; 2) In accounting, any debt owed by an individual or organization. Current, or short-term, liabilities are those to be paid in less than one year (wages, taxes, accounts payable, etc.). Long-term, or fixed, liabilities are those that run for one year or more (mortgages, bonds, etc.); 3) In futures, traders deposit margin as earnest money, but they are liable for the entire value of the contract; 4) In futures options, purchasers of options have their liability limited to the premium they pay; option writers are subject to the liability associated with the underlying deliverable futures contract.
1) In the broad legal sense, responsibility or obligation. For example, a person is liable to pay his debts, under the law; 2) In accounting, any debt owed by an individual or organization. Current, or short-term, liabilities are those to be paid in less than one year (wages, taxes, accounts payable, etc.). Long-term, or fixed, liabilities are those that run for one year or more (mortgages, bonds, etc.); 3) In futures, traders deposit margin as earnest money, but they are liable for the entire value of the contract; 4) In futures options, purchasers of options have their liability limited to the premium they pay; option writers are subject to the liability associated with the underlying deliverable futures contract.
| Sean_Woo's Finance,GIS & Real Estate Glossary |
liability
debt,contrast with asset
debt,contrast with asset
Liability Definition from Language, Idioms & Slang Dictionaries & Glossaries
| Webster's Revised Unabridged Dictionary (1913) |
Liability
(n.)
the sum of one's pecuniary obligations; -- opposed to assets.
(n.)
The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
(n.)
That which one is under obligation to pay, or for which one is liable.
(n.)
the sum of one's pecuniary obligations; -- opposed to assets.
(n.)
The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
(n.)
That which one is under obligation to pay, or for which one is liable.
| WordNet 2.0 |
liability
Noun
1. the state of being legally obliged and responsible
(hypernym) susceptibility, susceptibleness
(hyponym) taxability
2. an obligation to pay money to another party
(synonym) indebtedness, financial obligation
(hypernym) obligation
(hyponym) limited liability
3. the quality of being something that holds you back
(antonym) asset, plus
(hypernym) bad, badness
(hyponym) weak point
Noun
1. the state of being legally obliged and responsible
(hypernym) susceptibility, susceptibleness
(hyponym) taxability
2. an obligation to pay money to another party
(synonym) indebtedness, financial obligation
(hypernym) obligation
(hyponym) limited liability
3. the quality of being something that holds you back
(antonym) asset, plus
(hypernym) bad, badness
(hyponym) weak point
| hEnglish - advanced version |
liability
liability
\li`a*bil"i*ty\ (lī`&adot;*b&ibreve;l"&ibreve;*t&ybreve;), n.; pl. liabilities (-t&ibreve;z).
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.
similar words(2)
tax liability
limited liability
liability
\li`a*bil"i*ty\ (lī`&adot;*b&ibreve;l"&ibreve;*t&ybreve;), n.; pl. liabilities (-t&ibreve;z).
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.
similar words(2)
tax liability
limited liability
Liability Definition from Law Dictionaries & Glossaries
| The 'Lectric Law Library |
Liability
Any legal responsibility, duty or obligation. The state of one who is bound in law and justice to do something which may be enforced by action. This liability may arise from contracts either express or implied or in consequence of torts committed.
The liabilities of one man are not in general transferred to his representatives further than to reach the estate in his hands. For example, an executor is not responsible for the liabilities of his testator further than the estate of the testator which has come to his hands.
Generally, the husband is liable for his wife's contracts since her marriage with him, and vice versa, but this liability continues only during the marriage.
A master is liable for the acts of his servant while in his employ, performed in the usual course of his business, upon the presumption that they have been authorized by him; but he is responsible only in a civil point of view and not criminally, unless the acts have been actually authorized by him.
This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.
Any legal responsibility, duty or obligation. The state of one who is bound in law and justice to do something which may be enforced by action. This liability may arise from contracts either express or implied or in consequence of torts committed.
The liabilities of one man are not in general transferred to his representatives further than to reach the estate in his hands. For example, an executor is not responsible for the liabilities of his testator further than the estate of the testator which has come to his hands.
Generally, the husband is liable for his wife's contracts since her marriage with him, and vice versa, but this liability continues only during the marriage.
A master is liable for the acts of his servant while in his employ, performed in the usual course of his business, upon the presumption that they have been authorized by him; but he is responsible only in a civil point of view and not criminally, unless the acts have been actually authorized by him.
This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.
| Duhaime.org Legal Dictionary |
Liability
Any legal obligation, either due now or at some time in the future. It could be a debt or a promise to do something. - (read more on Liability)
Any legal obligation, either due now or at some time in the future. It could be a debt or a promise to do something. - (read more on Liability)
| Law Dictionary |
Liability
An obligation to do or refrain from doing something; a duty thateventually must be performed; an obligation to pay money owed, as opposed to anasset; responsibility for one's conduct, such as contractual liability, tortliability, criminal liability, etc.
An obligation to do or refrain from doing something; a duty thateventually must be performed; an obligation to pay money owed, as opposed to anasset; responsibility for one's conduct, such as contractual liability, tortliability, criminal liability, etc.
| Canadian Insolvency Dictionary |
Liability
Any legal obligation for which a person is responsible.
Any legal obligation for which a person is responsible.
Liability Definition from Science & Technology Dictionaries & Glossaries
| EIA Energy Glossary |
Liability
An amount payable in dollars or by future services to be rendered.
An amount payable in dollars or by future services to be rendered.
Deferred income tax (liability)
A liability in the balance sheet representing the additional Federal income taxes that would have been due if a utility had not been allowed to compute tax expenses differently for income tax reporting purposes than for ratemaking purposes.
| Bioglossary |
Liability
Description: Liability shall mean the quality or state of being legally obligated or responsible.
Source: Convention on Biological Diversity CBD
Description: Liability shall mean the quality or state of being legally obligated or responsible.
Source: Convention on Biological Diversity CBD
Liability Definition from Sports Dictionaries & Glossaries
| maritime&shipping&trade |
Liability
Legal responsibility for the consequences of certain acts or omissions.
Legal responsibility for the consequences of certain acts or omissions.
Liability Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Liability
For "libel", see libel (disambiguation).
In the most general sense, a liability is anything that is a hindrance, or puts individuals at a disadvantage.| See more at Wikipedia.org... |