Definition of Liability

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Liability

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

That which one is under obligation to pay, or for which one is liable.

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

Related Definitions:

An, As, Assets, Being, For, Insurer, Is, Law, Liability, Liable, Obligation, Of, One, Opposed, Or, Pay, Pecuniary, State, Sum, That, The, To, Under, Which

Liability Quotations

Occasionally we have to interpret an international treaty - one, perhaps, affecting airlines and liability for injury to passengers or damage to goods. Then, of course, we have to look to the precedents of other member nations in resolving issues.
Sandra Day O'Connor

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

The insurance companies aren't covering that. Should Monsanto be liable for these losses? Should the state government? Who's going to cover the losses? The fact is, here's an industry with no long-term liability in place.
Jeremy Rifkin

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.
Jeremy Rifkin

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.
Jon Porter

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.
Jim Gerlach

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.
Jim Ryun

Now is not the time to give greater protections to pharmaceutical companies that put unsafe drugs like Vioxx on the market. Such protections have nothing to do with the liability insurance crisis facing doctors and should be stripped from this bill.
Dennis Cardoza

Congress must make it clear that common animal waste will not expose farmers to liability under Superfund, while ensuring continued action to clean up legitimate hazardous waste sites around the nation.
Ike Skelton

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

Liability Translations

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

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