Meaning of the word liabilities in English
What does liabilities mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
liabilities
US /ˌlaɪ.əˈbɪl.ə.tiz/
UK /ˌlaɪ.əˈbɪl.ə.tiz/
Plural Noun
1.
debts or financial obligations
Example:
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The company's assets exceeded its liabilities.
•
Before buying the business, we need to assess all its liabilities.
2.
things for which someone is responsible, especially by law
Example:
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The company accepted full liabilities for the accident.
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Having a criminal record can be a major liability when seeking employment.