Definition of “liability” - English Dictionary

“liability” in English

See all translations


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


The business has liabilities of 2 million euros.

More examples

(Definition of “liability” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“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 Business English

See all translations


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)