Sep 14, 2024 · The meaning of LIABILITY is the quality or state of being liable. How to use liability in a sentence.
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li·a·bil·i·ty
/ˌlīəˈbilədē/
noun
- the state of being responsible for something, especially by law."the partners accept unlimited liability for any risks they undertake"synonyms: accountability, responsibility, legal responsibility, answerability, incrimination, blame, blameworthiness, culpability, guilt, onus, fault, the rap
- a person or thing whose presence or behavior is likely to cause embarrassment or put one at a disadvantage."he has become a political liability"synonyms: hindrance, encumbrance, burden, handicap, nuisance, inconvenience, obstacle, impediment, drawback, drag, disadvantage, weakness, shortcoming, problem, weak spot/point, millstone around one's neck, stumbling block, cross to bear, cross, albatross, Achilles heel, disbenefit, minus, fly in the ointment, cumber
A liability is something that a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits ...
LIABILITY meaning: 1. the fact that someone is legally responsible for something: 2. debts: 3. something or someone…. Learn more.
Primary tabs. A party is liable when they are held legally responsible for something. Unlike in criminal cases, where a defendant could be found guilty, a ...
A liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future.
Finance · Accrued liabilities and contingent liability · Current liability, or short-term liabilities are obligations that will be settled by current assets or ...
Liability definition: moneys owed; debts or pecuniary obligations (opposed to assets).. See examples of LIABILITY used in a sentence.
A liability is a debt or obligation or a personal flaw that stands in your way. A company's liabilities are simply the debts on its ledger, but a personal ...
“Legal liability for damages due to injuries to other persons, damage to their property, or other damage or loss to such persons (including the expenses of ...