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Revision as of 21:30, 15 October 2017

A liability can mean something that is a hindrance or puts an individual or group at a disadvantage, or something someone is responsible for, or something that increases the chance of something occurring (i.e., it is a cause).

Liability may also refer in specific fields to:

Law

• Legal liability, the legal bound obligation to pay debts
• Public liability, part of the law of tort which focuses on civil wrongs
• Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.
• professional liability for one´s professional acts, bit in health care or sales, as in professional liability insurance

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

Music

• Liability (album), a 2015 album by Prof
• "Liability" (song), a song by Lorde from the 2017 album Melodrama
• "Liability", a song by Fufanu from the 2017 album Sports
• "Liability", a song by The Juliana Theory from the 2001 EP Music from Another Room

Other uses

• The Liability, a 2013 film

• Disambiguation pages