liability
UK: ˌlaɪəˈbɪləti | US: ˌlaɪəˈbɪləti
n. 1. The state of being legally responsible for something.
n. 2. A financial obligation or debt.
n. 3. A person or thing likely to cause harm or difficulty.
liability = li<bind> + ability<noun suffix>
- li<bind>: From Old French lier (to bind), derived from Latin ligare (to tie).
- ability<noun suffix>: From Latin -abilitas, forming nouns indicating capacity or state.
Etymology Origin:
The word liability originates from the legal concept of being "bound" (li) to an obligation, combined with the suffix -ability to denote the state or condition. It evolved in Middle English via Anglo-French liable, reflecting the idea of being legally tied to responsibilities or debts. The modern sense expanded to include potential risks or burdens.
The company faces significant liability for the environmental damage.
His reckless behavior became a liability to the team.
The contract clearly outlines the liabilities of both parties.
She accepted full liability for the accident.
High debts are a major liability for small businesses.