liability
word
Definition
A liability is something you are legally or financially responsible for, such as a debt or obligation. It can also refer to something or someone that causes problems or risk.
Usage & Nuances
Formal and common in law, business, and accounting: 'legal liability', 'financial liability'. In conversation, saying someone 'is a liability' means they cause trouble or risk. In finance, a 'liability' is a debt or something owed.
Example Sentences
The company has a large liability due to unpaid loans.
basic
Parents have a liability to protect their children.
basic
A broken step can be a liability for the homeowner.
basic
He’s a smart guy, but his temper makes him a liability on the team.
natural
My old car is more of a liability than an asset these days.
natural
The company’s total liabilities are listed on its balance sheet.
natural