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

LIABILITY meaning: 1 : the state of being legally responsible for something the state of being liable for something; 2 : something (such as the payment of money) for which a person or …

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. As the president's prestige continues to fall, they're clearly beginning to …

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

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 …

May 23, 2024 · Liability is a broad term for the state of being responsible for or in debt. Liabilities are found in the law and accounting. Someone can be subject to monetary or legal liability. …