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| {{wiktionary|liability}} | {{wiktionary|liability}} | ||
| A '''liability''' can mean something that is a hindrance or puts an individual or group at a disadvantage, or something that someone is responsible for, or something that increases the chance of something occurring (i.e. it is a cause). | A '''liability''' can mean something that is a hindrance or puts an individual or group at a disadvantage, or something that someone is responsible for, or something that increases the chance of something occurring (i.e. it is a cause). | ||
| For example: "Wow guys, that Andy Chandler sure is one hell of a liability!" | |||
| '''Liability''' may also refer in specific fields to: | '''Liability''' may also refer in specific fields to: | ||
Revision as of 09:17, 4 April 2014
A liability can mean something that is a hindrance or puts an individual or group at a disadvantage, or something that someone is responsible for, or something that increases the chance of something occurring (i.e. it is a cause).
For example: "Wow guys, that Andy Chandler sure is one hell of a liability!"
Liability may also refer in specific fields to:
- Legal liability, the legal bound obligation to pay debts
- Public liability, part of the law of tort which focuses on civil wrongs
Finance
- Liability (financial accounting), a current obligation of an entity arising from past transactions or events
- Accrued liabilities and contingent liability
- Current liability
- Long-term liabilities, liabilities with a future benefit over two months
Other uses
- The Liability, 2013 film
This disambiguation page lists articles associated with the title Liability.If an internal link led you here, you may wish to change the link to point directly to the intended article. Categories: