LHERZOLITE
Lher"zo*lite, n. Etym: [From Lherz, a place in the Pyrenees + -lite.]
(Min.)
Defn: An igneous rock consisting largely of chrysolite, with pyroxene and picotite (a variety of spinel containing chromium).
LI
Li, n.
1. Chinese measure of distance, being a little more that one third of a mile.
2. A Chinese copper coin; a cash. See Cash.
LIABILITY
Li`a*bil"i*ty, n.; pl. Liabilities (.
1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
2. That which one is under obligation to pay, or for which one is liable. Specifically, in the pl.,
Defn: the sum of one's pecuniary obligations; — opposed to assets.
Limited liability. See Limited company, under Limited.
LIABLE
Li"a*ble, a. Etym: [From F. lier to bind, L. ligare. Cf. Ally, v. t.,
Ligature.]