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
- Liability to the third bailee was not transferable.
- Vicarious liability is not just an opinion, it's the law.
- The liability for the information is the reliable source.
- Liability for material is already the concern of the editor.
- Strict liability offenses disregard the intent of the defendant.
- The general rule in the criminal law is that there is no vicarious liability.
- In principle, the tortious liability runs in parallel to liability in contract.
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