liability definition, meaning - what is liability in the British English Dictionary & Thesaurus - Cambridge Dictionaries Online

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English definition of “liability”

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liability

noun uk   /ˌlaɪ.əˈbɪl.ɪ.ti/  us   /-ə.t̬i/

liability noun (RESPONSIBILITY)

C1 [U] the fact that someone is legally responsible for something: He denies any liability for the damage caused.liabilities [plural] specialized debts: The business has liabilities of 2 million euros.
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liability noun (RISK)

C1 [S] something or someone that causes you a lot of trouble, often when that thing or person should be helping you: 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.
(Definition of liability from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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