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noun

liability

a financial obligation or debt that one is responsible for repaying

In a sentence

Six example sentences with liability, each labelled with its topic.

  • The pension is a liability the company must fund for forty years, whatever happens to next quarter's revenue.

    Finance

  • Buyers walked away once the audit revealed a tax liability larger than the warehouse they were trying to acquire.

    Business

  • The contract shifts every repair liability onto the tenant, who now owes for a roof she never chose.

    Law

  • Unfunded pensions are the largest liability on the state's books, bigger than every road and school bond combined.

    Economics

  • The convertible note sits on the balance sheet as a liability until the next round turns it into shares.

    Startups

  • The stadium bonds remain a liability for taxpayers, with payments running twenty years past the team's move.

    Politics

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Found in these word lists

Found in 8 published word lists

Each source is a published word list that contains liability. No exam board publishes an official GRE, GMAT or SAT list; GMAT words come from GRE lists and the Academic Word List.