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Definition of "liability" []

  • The state of being liable. (noun)
  • Something for which one is liable; an obligation, responsibility, or debt. (noun)
  • The financial obligations entered in the balance sheet of a business enterprise. (noun)
  • Something that holds one back; a handicap. (noun)
  • Likelihood. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "liability" in a sentence
  • "But usually someone used the term liability—at least in the movies—to mean someone on the home team."
  • "He has proven record on many front, his liability is his party band name in 2008, not his policy as much."
  • "What kind of liability is a name like “scooter” in prison?"