If you say that someone or something is aliability, you mean that they cause a lot of problems or embarrassment.
Team-mates and coach began to see him as a liability.
What was once a vote-catching policy is now a political liability.
Synonyms: disadvantage, burden, drawback, inconvenience More Synonyms of liability
2. countable noun [usually plural]
A company's or organization's liabilities are the sums of money which it owes.
[business, or law]
The company had assets of $138 million and liabilities of $120.5 million.
3. See also liable
More Synonyms of liability
liability in British English
(ˌlaɪəˈbɪlɪtɪ)
nounWord forms: plural-ties
1.
the state of being liable
2.
a financial obligation
3.
a hindrance or disadvantage
4.
likelihood or probability
liability in American English
(ˌlaɪəˈbɪləti)
nounWord forms: pluralˌliaˈbilities
1.
the state of being liable
2.
anything for which a person is liable
3. Accounting
a.
a debt of a person or business, as a note payable or a long-term debenture
b.
an account on a balance sheet showing this
4.
something that works to one's disadvantage
liability in Insurance
(laɪəbɪlɪti)
Word forms: (plural) liabilities
noun
(Insurance: General)
Liability is legal responsibility for paying money for damage or injury.
The policy also provides personal liability coverage for damage the policyholder or dependents cause to third parties.
An adjuster will determine the extent of the insurer's liability for loss when a claim is submitted.
Liability is legal responsibility for paying money for damage or injury.
personal liability insurance, product liability insurance, professional liability insurance, real estate liability, third party liability
liability in Hospitality
(laɪəbɪlɪti)
noun
(Hospitality (hotel): General)
Liability is legal responsibility for something.
COLLOCATIONS: ~ foraccept ~
The hotel does not accept liability for valuable items.
Does the hotel have liability if something is stolen?
If there is a problem with a vehicle in the hotel parking lot, the hotel cannot acceptany liability.
COBUILD Collocations
liability
accept liability
criminal liability
deny liability
incur liabilities
legal liability
Examples of 'liability' in a sentence
liability
We are talking about proper cash liabilities now.
Times, Sunday Times (2016)
It is understood the club did not accept liability.
The Sun (2016)
Another advantage of trading through a company is limited liability status.
Times, Sunday Times (2016)
The defendants did not admit liability.
Times, Sunday Times (2016)
The chances are that liability has now grown to 16 billion or so.
Times, Sunday Times (2016)
The hospital admitted liability after it was found that the ward's patient list lacked surnames.
Times, Sunday Times (2016)
He received damages and an apology from Scotland Yard but the force did not admit liability.
Times, Sunday Times (2016)
The manufacturers of the drug were understandably keen to minimise their financial liability.
Times, Sunday Times (2012)
The denomination turns the lawsuit over to its liability insurance company.
Christianity Today (2000)
The promoter accepts no liability for lost or stolen vouchers.
Times, Sunday Times (2008)
The two companies have settled their dispute with neither admitting liability.
Times, Sunday Times (2015)
This new flexibility in liability management meant that banks could take a different approach to bank management.
Mishkin, Frederic S. Financial Markets, Institutions and Money (1995)
No committee or individual is responsible for any financial liabilities.
Times, Sunday Times (2006)
Shareholders of a limited liability company enjoy an asymmetric exposure to its performance.
Times, Sunday Times (2010)
Organisations are usually unprepared to accept liability and very often try to fob the blame off.
The Sun (2015)
The trust paid out without admitting liability.
The Sun (2007)
They may seem a big prize when arrested but can become troublesome liabilities.
Times, Sunday Times (2009)
It is terrible that bankruptcy protects culprits from financial liability.
The Sun (2008)
The interlocking assets and liabilities mean that each of the three major banking jurisdictions may have to take action.
Redwood, John The Global Marketplace (1993)
And he is saddened that the man he helped to become leader is now considered a liability by many in his country.
Times, Sunday Times (2011)
Public funding has been withdrawn from personal injury claims, including product liability group claims.
Times, Sunday Times (2006)
This measure of debt includes both current liabilities and long-term obligations.
Charles A. D'Ambrosio & Stewart D. Hodges & Richard Brealey & Stewart Myers Principles of Corporate Finance (1991)
Her employer denied liability, claiming there were no defects in the curtains.
Times, Sunday Times (2013)
Everyone involved in the plot to kill the President is now a liability.
Times, Sunday Times (2014)
But he used a limited liability company to buy the Woodstock pad.
The Sun (2016)
It would be dangerous to try and suggest a universally applicable formula given the many statutory and other liabilities and obligations which could exist.
Times, Sunday Times (2013)
The barmy cases were on a list of thousands of public liability claims which cost local government 250million a year.
The Sun (2006)
More competition between companies, more individual liability and less political cronyism may be better routes to keeping bankers and businesses honest.
Times, Sunday Times (2015)
The patients' passport was a political liability in part because virtually no one who may have benefited from the plan understood it.
Times, Sunday Times (2006)
In other languages
liability
British English: liability NOUN
If you say that someone or something is a liability, you mean that they cause a lot of problems or embarrassment.
As the president's prestige continues to fall, they're beginning to consider him a liability.
American English: liability
Brazilian Portuguese: responsabilidade
Chinese: 累赘
European Spanish: lastre
French: handicap
German: Belastung
Italian: peso
Japanese: 不利になるもの
Korean: 문제의 소지
European Portuguese: responsabilidade
Latin American Spanish: lastre
All related terms of 'liability'
liabilities
business obligations incurred but not discharged and entered as claims on the assets shown on the balance sheet
tax liability
the amount of tax owed by a person or company
deny liability
If you are liable for something such as a debt, you are legally responsible for it.
legal liability
If you are liable for something such as a debt , you are legally responsible for it.
liability limit
the highest amount that a liability insurer will pay on a single claim
liability suit
a claim for damages based on the plaintiff's claim of the defendant's liability
absolute liability
full legal responsibility for damages or for an injury , without the need for proof and regardless of the degree of negligence or fault
accept liability
If you are liable for something such as a debt , you are legally responsible for it.
criminal liability
If you are liable for something such as a debt , you are legally responsible for it.
deferred liability
income received in advance and carried forward as a liability until the associated goods, services, or benefits are delivered
liability account
A liability account is an account recording a company's liabilities.
limited liability
liability restricted to the unpaid portion (if any) of the par value of the shares of a limited company. It is a feature of share ownership
product liability
the liability to the public of a manufacturer or trader for selling a faulty product
strict liability
responsibility for damage or loss regardless of intention or culpability
contingent liability
a possible liability that is dependent on the outcome of a future event
employer's liability
an employer's legal responsibility to pay damages to an employee who has been injured or who has contracted an illness because of the work he or she does
liability engineering
the practice by a company of taking steps to avoid liability for any fraudulent dealings with it, such as making a credit-card owner responsible for any abuses of the card by a third party
liability insurance
insurance against a loss due to the insured's liability for injury or damage to others
unlimited liability
liability that is not restricted to any unpaid portion of nominal capital invested in a business
real estate liability
Real estate liability is liability for risks that come from owning real estate.
third party liability
Third party liability is insurance against money which an insured may have to pay to third parties if they accidentally cause them injury , loss , or damage .
limited liability company
a company which operates with limited liability
personal liability insurance
Personal liability insurance protects the insured if they are sued for claims that are covered by the insurance policy.
product liability insurance
Product liability insurance is insurance for a producer or supplier of goods against injury to third parties or loss of or damage to their property that is caused by a fault in the goods.
public-liability insurance
(in Britain ) a form of insurance that pays compensation to a member of the public suffering injury or damage as a result of the policyholder or their employees failing to take reasonable care
joint and several liability
legal responsibility for the whole of a debt for which you are only partially responsible
professional liability insurance
Professional liability insurance is insurance for a company or a professional person against claims or financial losses that may occur as a result of their negligence .
limited company
a company whose owners enjoy limited liability for the company's debts and losses
LLP
An LLP is a type of partnership that limits the amount of liability undertaken by the partners to the amount that they have invested in the partnership.