liability Definition in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Definition of “liability” - English Dictionary

"liability" in American English

See all translations

liabilitynoun [C/U]

us   /ˌlɑɪ·əˈbɪl·ɪ·t̬i/
the responsibility of a person, business, or organization to pay or give up something of value: [U] He denies any liability in the accident. [C usually pl] The business has liabilities of $5 million.
A liability is also anything that hurts your chances of success or that causes difficulties: [C] Not having our own delivery trucks is a liability in our business.
(Definition of liability from the Cambridge Academic Content Dictionary © Cambridge University Press)







"liability" in British English

See all translations

liabilitynoun

uk   /ˌlaɪ.əˈbɪl.ə.ti/ us   /ˌlaɪ.əˈbɪl.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.
Compare

expend iconexpend iconMore examples

(Definition of liability from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"liability" in Business English

See all translations

liabilitynoun

uk   /ˌlaɪəˈbɪləti/ us   plural liabilities
[C] ACCOUNTING, FINANCE the amount of money that a person or organization owes: He listed liabilities of more than $3 million. The company will also have to show that it has a liability of $600.
[U] LAW legal responsibility for something: liability for sth Warning notices may not be enough to absolve a property owner of liability for visitors' injuries. They still haven't admitted liability for the crash which ruined so many lives. The army denied liability but agreed to make an out-of-court settlement.
(Definition of liability from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of liability?
Add Cambridge dictionaries to your browser to your website

“liability” in Business English

Avoiding common errors with the word enough.
Avoiding common errors with the word enough.
by ,
May 25, 2016
by Liz Walter Enough is a very common word, but it is easy to make mistakes with it. You need to be careful about its position in a sentence, and the prepositions or verb patterns that come after it. I’ll start with the position of enough in the sentence. When we use it with a noun,

Read More 

Word of the Day

sunscreen

a substance that you put on your skin to prevent it from being damaged by the sun

Word of the Day

convo noun
convo noun
May 23, 2016
informal a conversation The convo around concussions mostly focuses on guys who play football, but Chastain thinks that this whole thing could be a headache for women too.

Read More