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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).

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

• Liability
• Disambiguation pages