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Liability   /lˌaɪəbˈɪlɪti/   Listen
Liability

noun
(pl. liabilities)
1.
The state of being legally obliged and responsible.
2.
An obligation to pay money to another party.  Synonyms: financial obligation, indebtedness.
3.
The quality of being something that holds you back.



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"Liability" Quotes from Famous Books



... currency, that is 5s. to the dollar;—1s. sterling, passes for 1s. 2d. currency, so that either description of bullion gives a good remittance: "one great objection, however, to bringing out money, is the liability there is of losing, or being robbed of it." Live stock is much wanted: "dogs would be very valuable if trained to bring home the cattle, which often stray into the woods; with careless settlers, indeed, one half ...
— The Mirror of Literature, Amusement, and Instruction - Vol. XX. No. 557., Saturday, July 14, 1832 • Various

... hastily suppose that liability of contagion would be diminished in proportion to the excess of white blood over African; but such is far from being the case;—St. Pierre is losing its handsomest octoroons. Where the proportion of white to black blood ...
— Two Years in the French West Indies • Lafcadio Hearn

... this is done is remarkably ingenious. The credit society is organized in the usual democratic way explained above, but its constitution is peculiar in one respect. The members have to become jointly and severally responsible for the debts of the association, which borrows on this unlimited liability from the ordinary commercial bank, or, in some cases, from Government sources. After the initial stage, when the institution becomes firmly established, it attracts local deposits, and thus the savings of the community, which are too often ...
— The Evolution of the Country Community - A Study in Religious Sociology • Warren H. Wilson

... Gothamites, who complain if you are detained any where on the face of the earth three minutes—only detained three hours every eight or ten miles! But for delay occasioned by any insuperable impediment, says the Norwegian law-book—such as a storm at sea, or too great a distance between the inns—no liability is incurred on either side. A Philadelphia lawyer could drive six-and-thirty coaches-and-four, all abreast, through such a law as that, and then leave room enough for a Stockton wagon and mule-team on each side. Who is to judge of the weather or ...
— The Land of Thor • J. Ross Browne

... thumbs or their toes for hours at a time. They were 'bucked,' 'gagged,' and 'paddled,' and 'cold-showered,' and treated to other brutalities which have been known in the English army and navy for a long time. In spite of their liability to punishment, many of them paid little attention to the rules, and some were continually yelling in the most horrible manner, and day and night the sound of their voices ...
— The Land of the Kangaroo - Adventures of Two Youths in a Journey through the Great Island Continent • Thomas Wallace Knox


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