/ ˌlaɪəˈbɪləti; NAmE / noun ( pl. -ies )
[ U ] liability (for sth) | liability (to do sth) the state of being legally responsible for sth :
The company cannot accept liability for any damage caused by natural disasters.
[ C , usually sing. ] ( informal ) a person or thing that causes you a lot of problems :
Since his injury, Jones has become more of a liability than an asset to the team.
[ C , usually pl. ] the amount of money that a person or company owes :
The company is reported to have liabilities of nearly $90 000.