n. something that holds one back; state of being legally obliged and responsible
n. the condition of being liable; an obligation, debt or responsibility owed to someone
The other main liability is debt, which many banks used to finance risky investments, leading to the financial crisis.
Adding Continental to the litigation against the largest U.S. automaker creates an alternative avenue for plaintiffs to seek damages because GM’s 2009 bankruptcy reorganization may shield the carmaker from liability for the claims.
Sentence in Classic:
To remove the liability of such misapprehension, I deem it proper to append the following brief explanation.
The Narrative of the Life of Frederick Douglass By Frederick Douglass Context
The victim, from my cradle, of pecuniary liabilities to which I have been unable to respond, I have ever been the sport and toy of debasing circumstances.
David Copperfield By Charles Dickens Context
Queequeg was my own inseparable twin brother; nor could I any way get rid of the dangerous liabilities which the hempen bond entailed.
Moby Dick By Herman Melville Context
She knew every farmer for miles about: how much land he had under cultivation, how many cattle he was feeding, what his liabilities were.
The Englishman entered, and found Morrel seated at a table, turning over the formidable columns of his ledger, which contained the list of his liabilities.
The Count of Monte Cristo By Alexandre Dumas Context
It required a degree of courage unknown to them to do so; for just at that time, the slightest manifestation of humanity toward a colored person was denounced as abolitionism, and that name subjected its bearer to frightful liabilities.
The Narrative of the Life By Frederick Douglass Context