n. (accounting) Debts.
Total liabilities equal to total assets minus total owner's equity.
by Nodie February 13, 2011
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Someone with liabilities is incredibly good at lying. Can get any one believe anything at any time. Abilities are on par with lying greats such as George Costanza, Drake Parker, and George Bush.
liabilities- they hold society together
by MaximumOverdrive October 20, 2008
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Think the opposite of 'friends with benefits'. In essence, you are so close to being a girl's boyfriend you get all the negative effects, but none of the positive.
Dude 1: "She's been bitching at me all day."

Dude 2: "Yeah, most guys tend to have friends with liabilities."
by NTrav April 25, 2008
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Someone you go out with that gets reslly sloppy drunk and acts like a fool, potentially causing your reputation to be messed up due to association.
ughhh i refuse to go to that frat with her. a lot of my friends are there and shes gets wayyyy too sloppy. then people look at me like im fucking crazy too...shes social liability, i cant deal with her.
by sjdd12 October 3, 2010
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insurance that provides protection from claims arising from injuries or damage to other people or property.
I need Liability Insurance on muh Escalade
by Lkreyna2 June 15, 2012
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A person who is untrustworthy, a Jackass and has a small Choad
Person 1: Chase is such a liability Lar
Person 2:Bruh
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Someone who preys on your emotions, a person in your life that makes you sad even if you give them all the love you can afford.
by Ikena April 8, 2021
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