liability
noun/ˌlaɪəˈbɪləti/
/ˌlaɪəˈbɪləti/
(plural liabilities)
- [uncountable] the state of being legally responsible for something
- liability (for something) The company cannot accept liability for any damage caused by natural disasters.
- liability to somebody The company has liabilities to its employees.
- liability to do something The defendant admitted liability to compensate the claimant.
Extra Examples- They have denied liability for the accident.
- They have no legal liability for damage to customers' possessions.
Oxford Collocations Dictionaryadjective- full
- legal
- strict
- …
- have
- accept
- acknowledge
- …
- liability for
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- [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.
- The debate on immigration is proving to be something of a liability for the Prime Minister.
- [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.
Extra Examples- There is enough money to cover existing liabilities.
- an assessment of the company's financial liabilities
Oxford Collocations Dictionaryadjective- substantial
- financial
- tax
- …
- have
- take on
- take over
- …
- liability to
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liability