Liability

English vocabulary and translations (See all)

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Definition

a liability (legal or financial term): a responsibility (legal or financial term)
noun
We deny all liability for any damages incurred. We refuse to accept any responsibility for this matter.

Pronunciation examples
UK: Her drinking problem is a real liability.
US: He has several financial liabilities including debts and an unsuccessful restaurant business.

Examples

  • "Property damage liability"
  • "Plus we'd have to sign waivers and liability forms, probably have to get malaria shots for Ms. Bümbüm and her entourage."
  • "Bodily injury liability"

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