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- Dictionaryliability/ˌlʌɪəˈbɪlɪti/
noun
- 1. the state of being legally responsible for something: "once you contact the card protection scheme your liability for any loss ends" Similar Opposite
- 2. a person or thing whose presence or behaviour is likely to put one at a disadvantage: "she said the party had become a liability to green politics" Similar Opposite
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Jun 28, 2024 · A liability is something a person or company owes, usually a sum of money. Payment can be either near- or long-term. Liability can also mean a legal risk or obligation.
the responsibility of a person, business, or organization to pay or give up something of value: [ U ] He denies any liability in the accident. [ C usually pl ] The business has liabilities of $5 million. A liability is also anything that hurts your chances of success or that causes difficulties:
The meaning of LIABILITY is the quality or state of being liable. How to use liability in a sentence.
Sep 5, 2016 · Liability defined and explained with examples. Liability is the state of being liable or responsible for something; an obligation or debt.
If you say that someone or something is a liability, you mean that they cause a lot of problems or embarrassment. As the president's prestige continues to fall, they're beginning to consider him a liability.
noun. /ˌlaɪəˈbɪləti/ (plural liabilities) [uncountable] the state of being legally responsible for something. liability (for something) The company cannot accept liability for any damage caused by natural disasters. liability to somebody The company has liabilities to its employees.
the responsibility of a person, business, or organization to pay or give up something of value: [ U ] He denies any liability in the accident. [ C usually pl ] The business has liabilities of $5 million. A liability is also anything that hurts your chances of success or that causes difficulties:
LIABILITY definition: 1. legal responsibility for something: 2. someone or something that is likely to cause you a lot…. Learn more.
Liability definition: moneys owed; debts or pecuniary obligations (opposed to assets).. See examples of LIABILITY used in a sentence.
From Longman Business Dictionary li‧a‧bil‧i‧ty /ˌlaɪəˈbɪləti/ noun (plural liabilities) 1 [ countable usually plural] an amount of money owed by a business to a supplier, lender etc In its bankruptcy filing, the company listed liabilities of $363.7 million and assets of $141.3 million.
