Liability

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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[edit]

  • 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.

Finance[edit]

Other uses[edit]