liability : Definition, Usages, News and More

Search Words


lahy uh bi li tee

  • n  the state of being legally obliged and responsible
  • n  an obligation to pay money to another party
  • n  the quality of being something that holds you back

  • That makes liability insurance, the kind that pays off on such claims, just about as vital as oil in keeping the economy functioning.
  • LIABILITY Collecting More Than the Maximum When a person buys liability insurance, the company agrees to pay dam age awards against him but only up to the amount specified in .
  • Car owners buy liability coverage as protection against loss claims from someone else as a result of an accident.
News & Articles


  • Scott Stanzel in Clarksville Leaf Chronicle
    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.
  • President Bush in New York Times
    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... Edward Markey FOXNews Jun 20, 2010 57946 77192 liability Liability protection is critical to securing the private sector's cooperation with our intelligence efforts," Mr. Bush said.

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