noun (plural liabilities)
- 1 [mass noun] The state of being legally responsible for something: once you contact the card protection scheme your liability for any loss endsMore 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.
- 1.1 [count noun] (usually liabilities) A thing for which someone is responsible, especially an amount of money owed: valuing the company’s liabilities and assetsMore 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.
- 2 [usually in singular] A person or thing whose presence or behaviour is likely to put one at a disadvantage: she said the party had become a liability to green politicsMore example sentences
hindrance, encumbrance, burden, handicap, nuisance, inconvenience; obstacle, impediment, drawback, drag, disadvantage, weakness, shortcoming, problem, weak spot/point; millstone round one's neck, stumbling block, cross to bear, cross, albatross; Achilles heel• archaic cumber
- 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.