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A liability is anything that's borrowed from, owed to, or obligated to someone else What once was a bold expression of political loyalty has become a liability, showing how symbolic alignment with a political movement does not provide immunity from legal realities. It can be real like a bill that must be paid or potential such as a possible lawsuit.
The meaning of liability is the quality or state of being liable Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. How to use liability in a sentence.
Liability defined and explained with examples
Liability is the state of being liable or responsible for something The fact that someone is legally responsible for something A liability is an obligation of a company that results in the company’s future sacrifices of economic benefits to other entities or businesses A liability, like debt, can be an.
Debts or pecuniary obligations (opposed to assets) Liabilities as detailed on a balance sheet, esp In relation to assets and capital Liability refers to one party’s legal responsibility for their actions or omissions, which have harmed or damaged another party
This responsibility is assessed based.
If you say that someone or something is a liability, you mean that they cause a lot of problems or embarrassment What was once a vote. Definition of liability noun in oxford advanced learner's dictionary
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