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English definition of “liability”

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.Duty, obligation and responsibility liabilities [plural] specialized debts: The business has liabilities of £2 million.
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AccountingBorrowing, lending and debt

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.Difficult things and peoplePreventing and impeding
(Definition of liability from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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