liability lahy-uh-BIL-i-tee noun WS #27

the state of being responsible for something, especially by law; a person or thing whose presence or behavior is likely to cause embarrassment or put one at a disadvantage; a debt or financial obligation

1. The accountant carefully reviewed all assets and liabilities before preparing the financial statement.
2. Her inexperience with the software became a liability when the deadline approached quickly.
3. The insurance policy covers liability in case someone is injured on the property.
4. His tendency to speak without thinking made him a liability during important negotiations.
5. The company's liability for the environmental damage resulted in millions of dollars in fines.