Aug 19, 2025 · A liability is anything that's borrowed from, owed to, or obligated to someone else. It can be real like a bill that must be paid or potential such as a possible lawsuit.

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.

Liability definition: liabilities,. See examples of LIABILITY used in a sentence.

a. moneys owed; debts or pecuniary obligations (opposed to assets). b. liabilities as detailed on a balance sheet, esp. in relation to assets and capital. 2. something disadvantageous: His lack …

Liability is legal responsibility for paying money for damage or injury. The policy also provides personal liability coverage for damage the policyholder or dependents cause to third parties. …

Jun 26, 2025 · What Is Liability? Liability refers to one party’s legal responsibility for their actions or omissions, which have harmed or damaged another party. This responsibility is assessed …

Definition of liability noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Dec 2, 2025 · Liabilities are a fundamental concept in finance and accounting, representing obligations that an entity owes to outside parties. Understanding these obligations is crucial for …

May 29, 2025 · What Is a Liability? A liability is a financial obligation of one party to another, typically arising from a contract or legal ruling. It is usually in the form of money owed for …