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liability

Syllabification: li·a·bil·i·ty
Pronunciation: /ˌlīəˈbilədē
 
/

Definition of liability in English:

noun (plural liabilities)

1The state of being responsible for something, especially by law: the partners accept unlimited liability for any risks they undertake
More example sentences
  • She gave birth to a healthy child, and the respondents accepted liability for negligence.
  • The distinction between liability for acts and liability for omissions is well known.
  • There is no legal prohibition denying the Community the right to accept liability for private acts of its servants.
Synonyms
1.1 (usually liabilities) A thing for which someone is responsible, especially a debt or financial obligation: valuing the company’s liabilities and assets
More example sentences
  • For the other sectors, balance sheet data are limited to financial assets and liabilities.
  • We want to retire with the largest possible pot of assets and the least amount of liabilities.
  • This will include taking into account accrued liabilities and assets.
Synonyms
financial obligations, debts, arrears, dues
2 [usually in singular] 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
More example sentences
  • One could expect that Junior's presence will become a liability once he spells out his plan.
  • When wildlife is perceived to be a danger and a liability, it compromises the very basis of conservation.
  • Girls would not be seen as a burden or a liability if they were guaranteed an equal right to inheritance and property.
Synonyms
hindrance, encumbrance, burden, handicap, nuisance, inconvenience;
obstacle, impediment, disadvantage, weakness, weak link, shortcoming;
millstone around one's neck, albatross, Achilles heel

Definition of liability in:

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