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LIABILITY Definition & Meaning - Merriam-Webster
The meaning of LIABILITY is the quality or state of being liable. How to use liability in a sentence.
Liability: Definition, Types, Example, and Assets vs. Liabilities
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 | English meaning - Cambridge Dictionary
LIABILITY definition: 1. the fact that someone is legally responsible for something: 2. debts: 3. something or someone…. Learn more.
Liability - Definition, Examples, Cases - Legal Dictionary
Sep 5, 2016 · Liability defined and explained with examples. Liability is the state of being liable or responsible for something; an obligation or debt.
LIABILITY Definition & Meaning | Dictionary.com
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 is his …
liability noun - Definition, pictures, pronunciation and usage notes ...
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 definition and meaning | Collins English Dictionary
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 …
Liability - definition of liability by The Free Dictionary
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 …
liability Definition, Meaning & Usage | Justia Legal Dictionary
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 …
What Is Liability? | Strict Liability, Vicarious Liability & More
Feb 19, 2025 · Liability refers to one party’s legal responsibility for their actions or omissions, which have harmed or damaged another party. This responsibility is assessed based on the …
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