May 16, 2026 · The meaning of LIABILITY is the quality or state of being liable. How to use liability in a sentence.

Mar 22, 2026 · A liability is a financial obligation that a person or company owes to another party, typically involving a future payment of money, goods, or services.

LIABILITY definition: 1. the fact that someone is legally responsible for something: 2. debts: 3. something or someone…. Learn more.

A 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.

Unlike in criminal cases, where a defendant could be found guilty, a defendant in a civil case risks only liability. A party can be held liable based on their own actions, their own inactions, or the actions of …

Jun 26, 2025 · What Is Liability? Liability refers to one party’s legal responsibility for their actions or omissions, which have harmed or damaged another party. This responsibility is assessed based on …

Apr 7, 2026 · A liability is any financial obligation a company owes to someone else, whether that’s a supplier waiting on payment, a bank collecting on a loan, or employees who’ve earned wages not yet …

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 …

Nov 17, 2025 · In accounting, a liability is any financial obligation that requires future payment of money, goods, or services. Simply put, it’s what your business owes to others.

A liability is a financial obligation or debt that a person or business owes to another party, such as a creditor or supplier. This can include debts, loans, and other financial responsibilities.