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

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 …

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 …

Aug 19, 2025 · Liabilities are financial obligations that a person or company owes to others, often in the form of money. Current liabilities are short-term financial obligations due within one year, …

LIABILITY meaning: 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 …

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 …

At its core, liability refers to the obligation of one party to another for some kind of harm or loss. This could be due to an action or failure to act, but in either case, the responsible party is …

In a business or financial sense, a liability is a debt or fiscal obligation, like a mortgage or a loan. A limited liability company means if the company fails, the partners are on the hook for only …

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 …