formal 5K

Liability

🇬🇧 UK //ˌlaɪəˈbɪləti// 🇺🇸 US //ˌlaɪəˈbɪləti//

Meaning of Liability

A legal responsibility for something, especially in terms of financial debts.

In simple words: A legal responsibility for something.

Liability in a sentence

• The company accepted full liability for the damages caused by the accident.
• He assumed liability for the project, ensuring everything was completed on time.
• In finance, a liability represents a legal obligation to pay debts.
• Understanding your liabilities is crucial before taking a loan.
• The liability of the owner for injuries on the property was questioned.
• The organization had to disclose its liabilities in the annual report.

How to use Liability

Used in legal and financial contexts to describe responsibility for debts or damages. Avoid in casual conversations.

Grammar pattern

have + liability

Memory hint

Think of 'liable' - if you're liable, you're legally bound like a chain.

Related words

Collocations with Liability

• financial liability
• assume liability
• limit liability
• personal liability
• liability insurance

Synonyms for Liability

• responsibility
• accountability
• obligation
• debt
• burden

Common mistakes with Liability

• Confused with 'ability' - liability refers to responsibility, not capability.
• Using 'liability' in non-financial contexts incorrectly.
• Mixing up 'liability' with 'insurance' - they are not synonymous.

Frequently asked questions about Liability

What does Liability mean?

A legal responsibility for something.

What is the definition of Liability?

A legal responsibility for something, especially in terms of financial debts.

How do you use Liability in a sentence?

The company accepted full liability for the damages caused by the accident.

Can you give another example of Liability?

He assumed liability for the project, ensuring everything was completed on time.

What are synonyms for Liability?

Common alternatives include responsibility, accountability, obligation, debt, burden.

What words go with Liability?

It commonly pairs with financial liability, assume liability, limit liability, personal liability, liability insurance.

What are common mistakes when using Liability?

Confused with 'ability' - liability refers to responsibility, not capability. Using 'liability' in non-financial contexts incorrectly. Mixing up 'liability' with 'insurance' - they are not synonymous.

How do you pronounce Liability?

US: //ˌlaɪəˈbɪləti//, UK: //ˌlaɪəˈbɪləti//. Listen to the audio above to hear native pronunciation.

Is Liability formal or informal?

"Liability" is formal, so it fits professional, business, or academic conversations.

When should I use Liability?

Used in legal and financial contexts to describe responsibility for debts or damages. Avoid in casual conversations.