liability

[Li`a*bilĀ·i*ty]

A liability is a debt or obligation or a personal flaw that stands in your way. A company's liabilities are simply the debts on its ledger, but a personal liability might be your extreme shyness in social situations.

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

Noun
the quality of being something that holds you back

Noun
an obligation to pay money to another party

Noun
the state of being legally obliged and responsible


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.


Liability

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.

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

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Usage Examples

The irony is that it was tougher to rent a car from Cerberus when it owned Alamo than to buy a semi-automatic. To rent a car, one had to provide ID, a drivers' license, and get insurance coverage. To buy a gun? Cash and carry, from the back of a station wagon at a gun show. No concerns about downstream liability or risk.

The public should know that the liability issues here have yet to be resolved, or even raised. If you're a farmer and you're growing a genetically engineering food crop, those genes are going to flow to the other farm.

What we have at present is a system of loss socialism. Whatever goes wrong is shouldered by the general public and anything that works is privatised. Worshippers of market freedom have suspended the most important economic principle: Risk and liability go hand in hand.

Republicans would have preferred the court overturn the health care bill, an act that would have underscored Obama's biggest liability - the perception among voters, including those who like and trust him, that he has been ineffective.

Skyrocketing insurance premiums are debilitating our Nation's health care delivery system and liability insurers are either leaving the market or raising rates to excessive levels.

Misspelled Form

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Other Usage Examples

However, many skilled medical volunteers are turned away because community health centers cannot afford to cover their additional medical liability insurance.

It is imperative that when thousands of selfless volunteers respond to those who have incurred the wrath of a natural disaster that legal liability need not be hanging over their heads.

Medical liability reform is not a Republican or Democrat issue or even a doctor versus lawyer issue. It is a patient issue.

Without true medical liability reform, our doctors will continue to leave, and young doctors coming out of medical school $100,000 to $200,000 in debt will not be able to afford such onerous costs.

Reform of the medical liability system should be considered as part of a comprehensive response to surging medical malpractice premiums that endanger Americans' access to quality medical care.

Liability does apply with respect to the amount of the oil spill.

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