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

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

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...

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.

Sep 5, 2016 · Liability defined and explained with examples. Liability is the state of being liable or responsible for something; an obligation or debt.

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 …

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...

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

A liability is a debt or obligation or a personal flaw that stands in your way. A company's liabilities are simply the debts on its ledger, but a personal liability might be your extreme shyness in social situations.