Aug 19, 2025 · A liability is anything that's borrowed from, owed to, or obligated to someone else. It can be real like a bill that must be paid or potential such as a possible lawsuit.

Dec 2, 2025 · Liabilities are a fundamental concept in finance and accounting, representing obligations that an entity owes to outside parties. Understanding these obligations is crucial for …

The meaning of LIABILITY is the quality or state of being liable. How to use liability in a sentence.

Jun 26, 2025 · 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 on the …

LIABILITY definition: 1. the fact that someone is legally responsible for something: 2. debts: 3. something or someone…. Learn more.

LIABILITY meaning: 1 : the state of being legally responsible for something the state of being liable for something; 2 : something (such as the payment of money) for which a person or …

A liability is an obligation –like money, goods, or services– that you owe another party. A liability is the opposite of an asset, which is something you own, or another party owes you.

May 26, 2025 · What is a Liability? A liability is a legally binding obligation payable to another entity. Liabilities are incurred in order to fund the ongoing activities of a business. Examples of …

A liability is an obligation arising from a past business event. It is reported on a company’s balance sheet. Liabilities are also part of the basic accounting equation: Assets = Liabilities + …

Get the liability definition, learn what liability is, explore liability examples, and see how companies manage them for better financial security.