Longman Dictionary of Contemporary English homepage

liability

noun
     
li‧a‧bil‧i‧ty W2
1 [uncountable] legal responsibility for something, especially for paying money that is owed, or for damage or injury
liability for
Tenants have legal liability for any damage they cause.
liability to
your liability to capital gains tax
liability to do something
The court ruled there was no liability to pay any refund.
2

liabilities

[plural] technical the amount of debt that must be paid [≠ assets]
3 [singular] someone or something that is likely to cause problems for someone:
A kid like Tom would be a liability in any classroom.
liability to
The outspoken minister has become a liability to the government.
4

liability to something

law the amount that something is likely to be affected by a particular kind of problem, illness etc

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