liability

noun
UK: /ˌlaɪ.əˈbɪl.ə.ti/
US: /ˌlaɪ.əˈbɪl.ə.ti/

  1. The state of being legally responsible for something.

    1. The company has liability for the accident.
    2. The company faces potential liability if the product causes harm to consumers due to design flaws.

  2. Something or someone that causes problems for you.

    1. His bad temper is a real liability.
    2. Her lack of experience could be a liability during the crucial stages of the project.

  3. The amount of money that a company owes.

    1. The company's liabilities exceed its assets.
    2. The balance sheet lists all the company's assets and liabilities at the end of the quarter.

Synonyms

obligation accountability burden responsibility debt

Frequently Asked Questions

The word "liability" in English means: The state of being legally responsible for something., Something or someone that causes problems for you., The amount of money that a company owes..

The phonetic transcription of "liability" is /ˌlaɪ.əˈbɪl.ə.ti/ in British English and /ˌlaɪ.əˈbɪl.ə.ti/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "liability": obligation, accountability, burden, responsibility, debt.

Example usage of "liability": "The company has liability for the accident.". More examples on the page.