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Definition of Liability


  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.
  3. the sum of one's pecuniary obligations; -- opposed to assets.

Liability Quotations

Costs for liability insurance are higher than costs for many procedures. There is a need to reform liability laws to stop out-of-control health care costs.
Temple Grandin

I'm a liability to them - I'm a woman, I'm empowered, I'm an artist. I've had executives who can't come to my shows they're so scared of me. I've been a thorn in many people's sides just by existing.
Alanis Morissette

But a lot of businesses out there don't see the return on investment, they look at it as a liability, and until they can understand that proactive security actually returns, gives them a return on investment, it's still a hard sell for people.
Kevin Mitnick

For we must be one thing or the other, an asset or a liability, the sinew in your wing to help you soar, or the chain to bind you to earth.
Countee Cullen

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.
Sigmar Gabriel
More "Liability" Quotations

Liability Translations

liability in German is Haftung, Verantwortlichkeit, Haftpflicht
liability in Norwegian is forpliktelse
liability in Swedish is ansvar

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