Liability

English vocabulary and translations (See all our English vocabulary translation)

Want to improve your English? Try our online English lessons for free.

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

  • "Bodily injury liability"
  • "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."

Still having difficulties with 'Liability'? Want to improve your English? Try our online English lessons and receive a free level assessment.


Do you have smart way of remembering 'Liability'? Share it with us!