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.

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

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

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 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 …

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

Liability is legal responsibility for paying money for damage or injury. The policy also provides personal liability coverage for damage the policyholder or dependents cause to third parties. …

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 …

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 …