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Liability vs Promise - What's the difference?

liability | promise | Related terms |

Liability is a related term of promise.


As nouns the difference between liability and promise

is that liability is the condition of being liable while promise is an oath or affirmation; a vow.

As a verb promise is

to commit to something or action; to make an oath; make a vow.

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

    promise

    English

    Alternative forms

    * promyse

    Noun

    (en noun)
  • An oath or affirmation; a vow.
  • A transaction between two persons whereby the first person undertakes in the future to render some service or gift to the second person or devotes something valuable now and here to his use.
  • * 1668 July 3rd, , “Thomas Rue contra'' Andrew Hou?toun” in ''The Deci?ions of the Lords of Council & Se??ion I (Edinburgh, 1683), pages 547–548
  • He pur?ued Andrew Hou?toun upon his promi?e , to give him the like Sallary for the next year, and in ab?ence obtained him to be holden as confe?t and Decerned.
  • Reason to expect improvement or success; potential.
  • * Washington Irving
  • My native country was full of youthful promise .
  • * {{quote-book, year=1963, author=(Margery Allingham), chapter=1
  • , title=(The China Governess) citation , passage=The original family who had begun to build a palace to rival Nonesuch had died out before they had put up little more than the gateway, so that the actual structure which had come down to posterity retained the secret magic of a promise rather than the overpowering splendour of a great architectural achievement.}}
  • (computing, programming) A placeholder object that can be manipulated in code before it has been assigned a value.
  • (obsolete) Bestowal or fulfillment of what is promised.
  • * Bible, Acts i. 4
  • He commanded them that they should not depart from Jerusalem, but wait for the promise of the Father.

    Verb

    (promis)
  • To commit to something or action; to make an oath; make a vow.
  • * {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=70, magazine=(The Economist)
  • , title= Engineers of a different kind , passage=Private-equity nabobs bristle at being dubbed mere financiers.
  • To give grounds for expectation, especially of something good.
  • The clouds promise rain.
  • * {{quote-book, year=1897, author=
  • , title=(The Celebrity), chapter=1 citation , passage=I liked the man for his own sake, and even had he promised to turn out a celebrity it would have had no weight with me. I look upon notoriety with the same indifference as on the buttons on a man's shirt-front, or the crest on his note-paper.}}

    Usage notes

    * This is a catenative verb that takes the to infinitive . See

    Synonyms

    *

    See also

    * (election promise)

    Statistics

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