Authors: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Definition of Liability

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

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

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

Banks are so protected from liability they would have to really do something that was their mistake in order for them to be liable for it. Banks don't look at signatures. They're processing millions of checks and they have very little liability.
Frank Abagnale

Markets are as old as the crossroads. But capitalism, as we know it, is only a few hundred years old, enabled by cooperative arrangements and technologies, such as the joint-stock ownership company, shared liability insurance, double-entry bookkeeping.
Howard Rheingold

The corporation is one of the great unheralded human inventions of destruction. It is a way to absolve from any personal liability a bunch of people. They form together in a massive ID and they do whatever they want.
Keith Olbermann
More "Liability" Quotations

Liability Translations

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

Share with your Friends

Everyone likes a good quote - don't forget to share.