Translate liability | into French | into German | into Italian | into Spanish Definition of liability
noun (plural liabilities)
1the state of being responsible for something, especially by law:the partners accept unlimited liability for any risks they undertake (usually
liabilities)
a thing for which someone is responsible, especially a debt or financial obligation:valuing the company’s liabilities and assets
2 [usually in singular] a person or thing whose presence or behavior is likely to cause embarrassment or put one at a disadvantage:he has become a political liability
