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The meaning of LIABILITY is the quality or state of being liable. How to use liability in a sentence.

Jul 30, 2024 · What Is a Liability? A liability is something that a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic...

LIABILITY definition: 1. the fact that someone is legally responsible for something: 2. debts: 3. something or someone…. Learn more.

Finance. moneys owed; debts or pecuniary obligations ( assets ). Accounting. liabilities as detailed on a balance sheet, especially in relation to assets and capital. His lack of education …

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.

Definition of liability noun from the Oxford Advanced Learner's Dictionary. [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.

Define liability. liability synonyms, liability pronunciation, liability translation, English dictionary definition of liability. n. pl. li·a·bil·i·ties 1. The state of being liable. 2. a. Something for which one is liable; an obligation, responsibility, or debt. b. liabilities The...

Definitions of "liability" The condition or state of being held legally responsible ; An obligation or burden one is bound to, legally or morally ; A monetary obligation that needs to be fulfilled in the future ; The state of being obligated to answer to someone else through legal means or sanctions ; How to use "liability" in a sentence

LIABILITY definition: 1. legal responsibility for something: 2. someone or something that is likely to cause you a lot…. Learn more.