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Liability vs Owe - What's the difference?

liability | owe |

As a noun liability

is the condition of being liable.

As a verb owe is

to be under an obligation to give something back to someone or to perform some action for someone.

liability

English

Noun

(wikipedia liability) (liabilities)
  • the condition of being liable.
  • an obligation, debt or responsibility owed to someone.
  • * 1901 , , (w, The Monkey's Paw)
    • "I was to say that Maw and Meggins disclaim all responsibility," continued the other. "They admit no liability at all, but in consideration of your son's services they wish to present you with a certain sum as compensation."
  • a handicap that holds one back.
  • the likelihood of something happening.

    • Antonyms

    * asset

    Derived terms

    * enterprise liability * secondary liability * vicarious liability

    owe

    English

    Verb

    (ow)
  • To be under an obligation to give something back to someone or to perform some action for someone.
  • *1854 , Dickens, Hard Times , Chapter 7:
  • *:He inherited a fair fortune from his uncle, but owed it all before he came into it, and spent it twice over immediately afterwards.
  • To have debt, to be in debt.

    • Usage notes

    * The original past tense form was ought, which during Middle English began to be used with indefinite signification and has become a distinct verb. The original past participle has become the adjective own.

    Anagrams

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