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.

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 …

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 …

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 …

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 …

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

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. …