liability(redirected from Manufacturer's Liability)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.
Etymology: L, ligare, to bind
1 something one is obligated to do or an obligation required to be fulfilled by law, usually financial in nature.
2 the amount of money required to fulfill a financial obligation.
Malpractice All character of obligation, amenability, and responsibility for an act before the law
liabilityMalpractice All character of obligation, amenability, and responsibility for an act before the law. See Corporate liability, Current liability, Limits of liability, Malpractice Product liability, Professional liability, Strict liability.
n the state of being bound by law or justice to do something or to make good something; legal responsibility.
financial or legal responsibility.