liability liability  /ˌlaɪ ə ˈbɪ lɪ ti/

Definition(s):

  1. (n) the state of being legally obliged and responsible
  2. (n) an obligation to pay money to another party
  3. (n) the quality of being something that holds you back

Synonym(s)

Usage(s):

  1. That makes liability insurance, the kind that pays off on such claims, just about as vital as oil in keeping the economy functioning.
  2. Car owners buy liability coverage as protection against loss claims from someone else as a result of an accident.

News

  1. ACE Bermuda Releases 2013 Liability Limit Benchmarks and Large Loss Profile Report

    ACE Bermuda today announced the release of its 2013 Liability Limit Benchmarks and Large Loss Profile Report. The annual publication provides illustrative snapshots of the types of large third party liability losses that have occurred over the last ten years within various industry sectors.
    on June 20, 2013     Source: Business Wire via Yahoo! Finance

  2. Canada Raises Liability for Offshore Atlantic, Arctic Operators

    The Canadian government will raise the absolute liability for oil and gas companies operating in the Atlantic Basin offshore eastern Canada from $1 billion to $30 billion and for companies working on the Canadian Arctic from $40 million to $1 billion.
    on June 19, 2013     Source: Rigzone

  3. Nektar Therapeutics Presents Positive Data from Human Abuse Liability Study for NKTR-181, a First-in-Class ...

    SAN DIEGO, June 19, 2013 /PRNewswire/ --  Nektar Therapeutics (Nasdaq: NKTR) today announced positive top-line results from a human abuse liability (HAL) study for NKTR-181, a first-in-class, opioid analgesic ...
    on June 19, 2013     Source: PR Newswire via Yahoo! Finance

Quotes

  1. The legislation would permit plaintiffs' lawyers immediately to freeze Iraqi funds and would expose Iraq to "massive liability in lawsuits concerning the misdeeds of the Saddam Hussein regime," Stanzel said.
    on Dec 28, 2007 By: Scott Stanzel Source: Clarksville Leaf Chronicle

  2. "It was their technology. It was their spill cam. They are the ones that should have known right from the beginning and, either to limit their liability or because they were grossly incompetent, they delayed a full response to the magnitude of this...
    on Jun 20, 2010 By: Edward Markey Source: FOXNews

  3. "Liability protection is critical to securing the private sector's cooperation with our intelligence efforts," Mr. Bush said.
    on Feb 13, 2008 By: President Bush Source: New York Times

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/ˈtæn dʒə bəl /