Liability
/ˌlaɪəˈbɪlɪti/noun
A legal responsibility or obligation that one party has to another.
Did you know?The concept of liability was deeply intertwined with ancient Roman law, where it was linked to the binding nature of contracts and personal obligations.
Etymological Timeline
Proto-Indo-European
PIE
*leig-
“to bind or tie”
Latin
Latin
ligare
“to bind or tie”
Late Latin
Late Latin
liabilitas
“the state of being bound or obliged”
Old French
Old French
liabilité
“the quality of being obliged or responsible”
Modern English
English
liability
“a state of being legally bound or responsible”