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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).

Liability may also refer in specific fields to:

• legal liability
• public liability

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

• Disambiguation pages