liability

Meaning

The state of being responsible for something, especially by law; a debt or financial obligation.

the state of being responsible for something, especially by law; a person or thing whose presence or behavior is likely to cause embarrassment or put one at a disadvantage

the state of being legally responsible for something; something that acts as a disadvantage

Example Sentences

The company's liabilities exceeded its assets.

The company accepted liability for the accident.

The company’s financial liability increased after the lawsuit.

Example Expressions

legal liability

Synonyms

debt, obligation, responsibility, burden, accountability

Entry 1

debt, obligation, responsibility

Entry 2

responsibility, obligation, debt, burden

Entry 3

responsibility, obligation, accountability, burden, debt

Antonyms

asset, advantage, credit, benefit

Entry 1

asset, advantage, credit

Entry 2

asset, advantage, benefit

Entry 3

asset, advantage

Collocations

legal liability, financial liability, limited liability, liability insurance

Entry 2

legal liability, financial liability, limited liability

Entry 3

financial liability, legal liability, limited liability, liability insurance