- 1[uncountable] liability (for something) liability (to do something) the state of being legally responsible for something The company cannot accept liability for any damage caused by natural disasters.
Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
- 2[countable, usually singular] (informal) a person or thing that causes you a lot of problems Since his injury, Jones has become more of a liability than an asset to the team.
- 3[countable, usually plural] the amount of money that a person or company owes The company is reported to have liabilities of nearly $90 ,000. Our financial advisers will concentrate on minimizing your tax liabilities and maximizing your income. compare asset
Check pronunciation: liability