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liability - definition and synonyms


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noun     liability pronunciation in American English
Word Forms
  1. 1
    [uncountable] legal responsibility for causing damage or injury, or for paying something
    liability for:

    The company accepts no liability for delays caused by bad weather.

    liability to:

    Being unemployed does not affect your liability to tax.

  2. 2
    [countable] [usually plural] the amount of money that a company owes
  3. 3
    [countable] someone or something that causes problems for someone
    liability to:

    His outspoken views have made him a liability to the administration.

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a description of an economic or political situation based on analysis of information at the present time

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an unregulated form of capitalism that features financial deregulation, privatisation and low tax for high earners

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