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Collins Concise English Dictionary © HarperCollins Publishers:: liabilities /ˌlaɪəˈbɪlɪtɪz/ pl n - business obligations incurred but not discharged and entered as claims on the assets shown on the balance sheet
li•a•bil•i•ty /ˌlaɪəˈbɪlɪti/USA pronunciation n., pl. -ties. - Business liabilities, [plural] money owed;
debts (opposed to assets):a company's huge liabilities. - something that is a disadvantage:[countable]His lack of education is a liability.
- [uncountable] the state or quality of being liable.
WordReference Random House Unabridged Dictionary of American English © 2024li•a•bil•i•ty (lī′ə bil′i tē),USA pronunciation n., pl. -ties. - liabilities:
- moneys owed;
debts or pecuniary obligations (opposed to assets). - Business[Accountableing.]liabilities as detailed on a balance sheet, esp. in relation to assets and capital.
- something disadvantageous:His lack of education is his biggest liability.
- Also, li′a•ble•ness. the state or quality of being liable:liability to disease.
- li(able) + -ability 1785–95
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