26984 words

liability

7 definitions • 12 examples
1
the fact that someone is legally responsible for something:

Examples:

He denies any liability for the damage caused.
2

Examples:

The business has liabilities of 2 million euros.
3
something or someone that causes you a lot of trouble, often when that thing or person should be helping you:

Examples:

After a certain age, a car's just a liability.
Sue always manages to upset somebody when we go out - she's a real liability.
4
the responsibility of a person, business, or organization to pay or give up something of value:

Examples:

[ U ] He denies any liability in the accident.
[ C usually pl ] The business has liabilities of $5 million.
5
A liability is also anything that hurts your chances of success or that causes difficulties:

Examples:

[ C ] Not having our own delivery trucks is a liability in our business.
6
the amount of money that a person or organization owes:

Examples:

He listed liabilities of more than $3 million.
The company will also have to show that it has a liability of $600.
7
legal responsibility for something:

Examples:

liability for sth Warning notices may not be enough to absolve a property owner of liability for visitors' injuries.
They still haven't admitted liability for the crash which ruined so many lives.
The army denied liability but agreed to make an out-of-court settlement.

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