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

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.

6 days ago · What Is a Liability? Definition and Examples Define liabilities clearly. Learn how these crucial financial obligations are classified and fit into the core accounting structure.

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

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 of funds …

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

If you say that someone or something is a liability, you mean that they cause a lot of problems or embarrassment. Team-mates and coach began to see him as a liability. What was once a vote …

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

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 based on …

The company's huge debts are a significant liability. An accident caused by faulty equipment can create a liability for the manufacturer. Failure to comply with safety regulations can lead to liability for …