liability

IPA: ɫaɪʌbˈɪɫɪti

noun

  • An obligation, debt or responsibility owed to someone.
  • (accounting) Any item recorded on the right-hand side of a balance sheet.
  • A handicap that holds something back, a drawback, someone or something that is a burden to whoever is required to take care of them; an individual or action that exposes others to greater risk.
  • (informal, mildly derogatory) A person on a team that is more of a hindrance than a help.
  • The likelihood of something happening.
  • The condition of being susceptible to something.
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Examples of "liability" in Sentences

    No Sentences Found for liability

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