liability
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Pronunciation
- IPA: /laɪəˈbɪlɪti/[1]
Etymology
It is formed from liable and -ity.[2][3]
Earliest recorded meaning
In law, the condition of being liable or answerable: 1790 in Etymonline, 1794–1809 in the OED;[2][4] MWU dates it to 1705.[5]
Semantic evolution
The general sense, being liable or subject to something, is from 1809.[2][4] That for which one is liable, especially debts or financial obligations, is from 1842.[2][4] Limited liability, responsibility for a company's debts only to a fixed amount, is from 1855.[4] A trait or person that puts one at a disadvantage is from 1938.[4]
Timeline
- 1705 – first use (MWU).[5]
- 1790 – legal responsibility.[2]
- 1809 – being liable to something.[2][4]
- 1842 – a debt.[2][4]
- 1855 – limited liability.[4]
- 1938 – a disadvantage.[4]
Modern meaning
Noun
- The state of being legally responsible for something.
- (usually plural) A debt or financial obligation.
- A person or thing that causes trouble or puts one at a disadvantage.
- The likelihood of being affected by something: liability to disease.
Word family
- nonliability
- limited liability
- strict liability
- liability insurance
Related words
- liable
- ligament
- rely
References
- ^ Wiktionary, the free dictionary, https://en.wiktionary.org
- ^ a b c d e f g Harper, Douglas. Online Etymology Dictionary, https://www.etymonline.com
- ^ Shorter Oxford English Dictionary on Historical Principles (2002), 5th ed., ed. William R. Trumble and Angus Stevenson, Oxford: Oxford University Press
- ^ a b c d e f g h i Simpson, J. A.; Weiner, E. S. C., eds. (1989), The Oxford English Dictionary, 2nd ed., Oxford: Clarendon Press
- ^ a b Merriam-Webster Unabridged Dictionary (2024), online ed., Springfield, Mass.: Merriam-Webster