LIABILITY


Meaning of LIABILITY in English

(liabilities)

1.

If you say that someone or something is a ~, you mean that they cause a lot of problems or embarrassment.

As the president’s prestige continues to fall, they’re clearly beginning to consider him a ~.

...what was once a vote catching policy, is now a political ~.

N-COUNT: usu sing

2.

A company’s or organization’s liabilities are the sums of money which it owes. (BUSINESS or LEGAL)

The company had assets of $138 million and liabilities of $120.5 million.

? asset

N-COUNT: usu pl

3.

see also liable

Collins COBUILD.      Толковый словарь английского языка для изучающих язык Коллинз COBUILD (международная база данных языков Бирмингемского университета) .