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Definitions from the Web

liability

Description:

Liability refers to legal responsibility for one's actions or debts. It can also denote the state of being legally bound or accountable.

Senses:

Noun:

1. The state or quality of being liable for something, especially legal or financial obligations.

2. Something for which someone is legally responsible, such as debts, damages, or obligations.

Related forms:

1. Liability insurance

2. Product liability

3. Employer liability

4. Liability waiver

Sample sentences:

Noun:

1. His company had significant financial liability due to the breach of contract.

2. The driver's negligence resulted in a liability claim against the insurance company.

3. The store owner decided to purchase liability insurance in case of customer accidents.

4. The manufacturer faced a product liability lawsuit for producing a defective toy.