LIABILITY


Meaning of LIABILITY in English

transcription, транскрипция: [ laɪəbɪlɪti ]

( liabilities)

1.

If you say that someone or something is a liability , 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 liability.

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

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 Advanced Learner's English Dictionary.      Английский словарь Коллинз COBUILD для изучающих язык на продвинутом уровне.