See Also: Tax liability(finance)
liability(dictionary)
Liability(money)
liability(dictionary)
LIABILITY(law)
Tax liability(money)
Joint liability(finance)
Liability insurance(finance)
Joint and several liability(finance)
Funded liability(finance)

liability (oh)



[U] legal responsibility for something, especially for paying money that is owed, or for damage or injury
liability for
::Tenants have legal liability for any damage they cause.
liability to
::your liability to capital gains tax
liability to do sth
::The court ruled there was no liability to pay any refund.
liabilities [plural] technical the amount of debt that must be paid
-opposite assets assets
[singular] someone or something that is likely to cause problems for someone
::A kid like Tom would be a liability in any classroom.
liability to
::The outspoken minister has become a liability to the government.
liability to sth
law the amount that something is likely to be affected by a particular kind of problem, illness etc
-see also limited liability