liability

noun

li·a·bil·i·ty | \ ˌlī-ə-ˈbi-lə-tē

plural liabilities

Definition of liability

1a : the quality or state of being liable was cleared of liability for the accident

b : probability

2 : something for which one is liable especially : pecuniary obligation : debt —usually used in plural business assets and liabilities

3 : one that acts as a disadvantage : drawback This scandal makes the candidate a liability for the party.

Synonyms & Antonyms More Example Sentences Learn More About liability

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Examples of liability in a Sentence

The company is trying to limit its liability in this case. a retired football player whose chief asset—his prodigious girth—has now become a liability

Recent Examples on the Web The demands are a civil action and carry no criminal liability. — Lee O. Sanderlin, USA TODAY, 14 Oct. 2021 Because the earlier version of the CTC required families to have a tax liability — in other words, to earn money and owe taxes on it — to receive the full credit, that provided a form of work incentive, University of Chicago's Meyer said. — Aimee Picchi, CBS News, 12 Oct. 2021 As is standard protocol, the District Attorney’s Office will review the shooting to determine whether the officer bears criminal liability or was justified. — Teri Figueroa, San Diego Union-Tribune, 8 Oct. 2021 The last quarter of the year is always a good time to evaluate what has happened so far, Brown said, and see what can be done to reduce tax liability. — Tribune News Service, oregonlive, 28 Sep. 2021 The technology got its start in the ‘60s for military usage, but it’s since been repurposed to use in rehabilitation and commercially to reduce injury rates as well as liability costs. — Kevin Sherrington, Dallas News, 22 Sep. 2021 The company sought bankruptcy protection in 2019 to address billions of dollars in liability costs stemming from fires sparked by its equipment. — Elena Shao, WSJ, 18 Aug. 2021 The system’s policy covers up to $2 million for direct costs caused by the ransomware attack and $3 million for liability costs. — Lillian Reed, baltimoresun.com, 11 June 2021 Three games in, Parsons is among the top reasons why the defense no longer screams liability. — Jori Epstein, USA TODAY, 1 Oct. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'liability.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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Last Updated

15 Oct 2021

Cite this Entry

“Liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/liability. Accessed 18 Oct. 2021.

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More Definitions for liability

liability

noun

English Language Learners Definition of liability

: the state of being legally responsible for something : the state of being liable for something

: something (such as the payment of money) for which a person or business is legally responsible

: someone or something that causes problems

See the full definition for liability in the English Language Learners Dictionary

liability

noun

li·a·bil·i·ty | \ ˌlī-ə-ˈbi-lə-tē

plural liabilities

Legal Definition of liability

1 : the quality or state of being liable

2 : something for which one is liable: as

a : a financial obligation : debt tax liability the bonds are liabilities — compare asset

— contingent liability

: an amount that may or may not be owed depending on the outcome of a contingency (as a cosigner's default on a loan)

— fixed liability

: a liability (as a bond or mortgage) that does not mature for at least one year from the date incurred or from a given date

b : accountability and responsibility to another enforceable by civil remedies or criminal sanctions liability for injuries caused by their product

— absolute liability

: strict liability in this entry

— alternative liability

: joint liability imposed on multiple tortfeasors when there are simultaneous tortious acts (as defective manufacture of parts of a wheel by different manufacturers) and uncertainty as to which act was the proximate cause of an injury — compare concert of action sense 1

— civil liability

: liability imposed under civil laws and civil process as distinguished from criminal laws also : the state of being subject to civil sanctions (as restitution or damages) the acquittal does not relieve the corporation of civil liability for its fraud — see also tort

Note: Civil liability is created by a legal theory or principle that places a duty or obligation (as to use due care) on the defendant.

— corporate liability

: liability of a corporation that is enforced by sanctions imposed against the corporation itself — see also pierce

— criminal liability

: liability imposed under criminal laws and by means of criminal prosecution also : the state of being subject to criminal sanctions

— enterprise liability

: liability imposed on a business enterprise especially for on-the-job injuries to employees specifically : liability imposed on defendants who are all members of an industry that has produced a defective product when the specific manufacturer cannot be identified

— joint and several liability

: joint liability imposed on joint tortfeasors that allows enforcement of the entire judgment against any one of the tortfeasors

Note: In some jurisdictions, joint and several liability remains despite adoption of comparative fault, and in others it has been eliminated by comparative fault.

— joint liability

: liability that is shared (as by co-owners) specifically : liability for a tort that is imposed on joint tortfeasors when they have acted in concert, owe the same duty to the plaintiff, have a legal relationship, or otherwise together have caused an injury to the plaintiff and that allows contribution or indemnity between the joint tortfeasors

— liability in solido

: solidary liability in this entry

— liability without fault

: strict liability in this entry

— personal liability

: liability imposed against an individual especially for injuries that occur on the individual's property or as a result of the individual's activities

— premises liability

: liability arising from injuries or losses occurring on one's premises

— primary liability

: liability imposed directly on a person because of his or her own negligence, default, or legal undertaking

— products liability

: liability imposed on a manufacturer or seller for a defective and unreasonably dangerous product specifically : strict liability for a defective product that does not require the plaintiff to have privity of contract with the seller or manufacturer

— called also product liability

Note: A plaintiff usually must show that a defective product was the proximate cause of injuries, was defective at the time of purchase, and was used for its intended purpose in order to establish a products liability claim.

— secondary liability

1 : vicarious liability in this entry

2 : liability (as of a guarantor) that arises from a legal obligation owed to an injured party to pay damages for another's failure to perform or negligent act

— several liability

: liability assumed or imposed on an individual separate from others

— solidary liability

in the civil law of Louisiana : liability that is shared by obligors and that makes any one obligor liable for the entire obligation to the obligee but also apportions the liability among the obligors so that contribution is allowed specifically : such liability for a tort that is imposed on joint tortfeasors — see also solidary obligation at obligation

— strict liability

: liability that is imposed without a finding of fault (as negligence or intent)

— vicarious liability

: liability that is imposed for another's acts because of imputed or constructive fault (as negligence) — see also respondeat superior

3 : liability insurance