Liability | Mean of liability in English Dictionary

/ˌlajəˈbɪləti/

• Noun
• the state of being legally responsible for something
1. The company is trying to limit its liability in this case.
2. criminal liability [=the state of being responsible for a crime]
3. The judge cleared me of any/all liability for the accident. [=the judge said that I was not responsible for the accident]
• something (such as the payment of money) for which a person or business is legally responsible
1. a tax liability [=taxes that will have to be paid]
2. business assets and liabilities [=debts]
• someone or something that causes problems
1. His small size was a liability (to him) as a football player.
2. This scandal has made the vice president a liability (for this administration).