Liability Definition & Meaning - Merriam-Webster
Web1. a. : the quality or state of being liable. was cleared of liability for the accident. b. : probability. 2. : something for which one is liable. especially : pecuniary obligation : debt …
Liability: Definition, Types, Example, and Assets vs. Liabilities
WebFeb 25, 2024 · Liabilities refer to things that you owe or have borrowed; assets are things that you own or are owed. Key Takeaways. A liability (generally speaking) is...
LIABILITY | English meaning - Cambridge Dictionary
Webthe responsibility of a person, business, or organization to pay or give up something of value: [ U ] He denies any liability in the accident. [ C usually pl ] The business has …
LIABILITY Definition & Meaning | Dictionary.com
Webnoun. , plural li·a·bil·i·ties. liabilities, Finance. moneys owed; debts or pecuniary obligations ( assets ). Accounting. liabilities as detailed on a balance sheet, especially …
LIABILITY | definition in the Cambridge English Dictionary
Websomething or someone that causes you a lot of trouble, often when that thing or person should be helping you: After a certain age, a car's just a liability. Sue always …
LIABILITY definition and meaning | Collins English Dictionary
Web2 days ago · 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-catching policy is now a political liability. Synonyms: disadvantage, burden, drawback, inconvenience More Synonyms of liability.
Liability Definition & Meaning | Britannica Dictionary
WebLIABILITY 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 business is legally responsible usually plural.
liability noun - Definition, pictures, pronunciation and usage …
WebSee liability in the Oxford Advanced Learner's Dictionary. Check pronunciation: liability. Definition of liability noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
LIABILITY | meaning - Cambridge Learner's Dictionary
Webnoun. uk / ˌlaɪəˈbɪləti / us. liability noun (RESPONSIBILITY) Add to word list. legal responsibility for something: They have admitted liability for the damage caused. …
Liability - Definition, Meaning & Synonyms | Vocabulary.com
WebA 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 liability might be your extreme shyness in social situations. Depending on how you use it, the word liability has very different meanings.
Skip to content