https://www.merriam-webster.com/dictionary/liability
liability: [noun] the quality or state of being liable. probability.

https://www.investopedia.com/terms/l/liability.asp
Liability: A liability is a company's financial debt or obligations that arise during the course of its business operations. Liabilities are settled over time through the transfer of economic

https://dictionary.cambridge.org/dictionary/english/liability
LIABILITY definition: 1. the fact that someone is legally responsible for something: 2. debts: 3. something or someone…. Learn more.

https://www.dictionary.com/browse/liability
Liability definition: moneys owed; debts or pecuniary obligations (opposed to assets).. See examples of LIABILITY used in a sentence.

https://www.progressivecommercial.com/business-insurance/general-liability-insurance/general-liability-insurance-coverage/
General liability coverage typically includes coverage for any damages to non-owned land, buildings, or structures. The insured, or their business, must be legally liable for the damages for coverage to apply. For instance, a local restaurant rents property that catches fire due to a negligent employee leaving a frying pan unattended.

https://www.forbes.com/advisor/car-insurance/liability-insurance/
30 = $30,000 of bodily injury/death coverage to more than one person per accident. 5 = $5,000 of property damage coverage per accident. Liability limits of at least 100/300/100 are much better

https://www.investopedia.com/terms/l/liability_insurance.asp
Liability insurance is any insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury or negligence.

https://dictionary.cambridge.org/us/dictionary/english/liability
LIABILITY meaning: 1. the fact that someone is legally responsible for something: 2. debts: 3. something or someone…. Learn more.

https://www.collinsdictionary.com/dictionary/english/liability
4 meanings: 1. the state of being liable 2. a financial obligation 3. a hindrance or disadvantage 4. likelihood or probability.... Click for more definitions.

https://www.progressive.com/answers/liability-insurance/
Liability coverage limits for different types of vehicles are typically represented by three numbers, e.g. 25/50/25.These numbers represent how much you're covered for bodily injury per person ($25,000), bodily injury per accident ($50,000), and property damage per accident ($25,000).For personal liability coverage, you select one total limit, typically ranging from $100,000 to $500,000.

https://legaldictionary.net/liability/
The term liability refers to a broad spectrum of things a person may be held responsible for. This may be a legal liability, a financial liability, or other responsibility.An example of liability includes the legal obligation to pay a debt, or to pay for damages an individual has caused someone else. Liabilities are also counted in finances as debits on the ledger.

https://corporatefinanceinstitute.com/resources/accounting/liability/
A liability is an obligation of a company that results in the company's future sacrifices of economic benefits to other entities or businesses. A liability, like debt, can be an alternative to equity as a source of a company's financing. Moreover, some liabilities, such as accounts payable or income taxes payable, are essential parts of day

https://quickbooks.intuit.com/r/accounting/what-is-an-asset-what-is-a-liability/
Assets are a representation of things that are owned by a company and produce revenue. Liabilities, on the other hand, are a representation of amounts owed to other parties. Both assets and liabilities are broken down into current and noncurrent categories. In short, one is owned (assets) and one is owed (liabilities).

https://www.law.cornell.edu/wex/liability
liability. A party is liable when they are held legally responsible for something. Unlike in criminal cases, where a defendant could be found guilty, a defendant in a civil case risks only liability. A party can be held liable based on their own actions, their own inactions, or the actions of people/animals for which they are legally responsible.

https://www.nerdwallet.com/article/finance/what-are-liabilities
Liability is a fancy word for debt, or something that you owe. Once you know your total liabilities, you can subtract them from your total assets, or the value of the things you own — such as

https://en.wikipedia.org/wiki/Liability_(financial_accounting)
v. t. e. In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. [1] The value delivered to settle a liability may be in the form of assets transferred or services performed.

https://www.accountingtools.com/articles/liability
A liability is a legally binding obligation payable to another entity. Liabilities are incurred in order to fund the ongoing activities of a business. Examples of liabilities are accounts payable, accrued expenses, wages payable, and taxes payable. These obligations are eventually settled through the transfer of cash or other assets to the

https://www.bench.co/blog/accounting/liabilities-in-accounting
Long-term liabilities. Also sometimes called "non-current liabilities," these are any obligations, payables, loans and any other liabilities that are due more than 12 months from now. Some common examples of long-term liabilities include: Principal and interest payments due more than a year from now. Bonds, debentures and long-term loans.

https://www.wallstreetprep.com/knowledge/liability/
The remaining amount is the funding left after deducting equity from the total resources ().. What is an Example of a Liability? The relationship between the three components is expressed by the fundamental accounting equation, which states that the assets of a company must have been financed somehow — i.e. the asset purchases were funded with either debt or equity.

https://www.britannica.com/dictionary/liability
liability /ˌlajə ˈ bɪləti/ noun. plural liabilities. Britannica Dictionary definition of LIABILITY. 1. [noncount] : the state of being legally responsible for something : the state of being liable for something. The company is trying to limit its liability in this case. criminal liability [=the state of being responsible for a crime]

https://www.theforage.com/blog/skills/liabilities
Liabilities Definition. A liability is simply a debt or obligation. Most people have liabilities in their day-to-day lives: car payments, rent, and credit card bills. In corporate finance, liabilities are similar, just on a much larger scale. Liabilities for a business may be long-term loans used to fund operations, money owed to vendors or

https://en.wikipedia.org/wiki/Liability
Liability (financial accounting) a current obligation of an entity arising from past transactions or events. Accrued liabilities and contingent liability. Current liability, or short-term liabilities are obligations that will be settled by current assets or by the creation of new current liabilities. Non-current, or Long-term liabilities

https://byjus.com/commerce/liability-definition-and-types/
Types of Liabilities. Liabilities can be classified into three main categories, which are: 1. Current Liabilities. 2. Non-current Liabilities. 3. Contingent Liabilities. Current Liabilities: Current liabilities are those liabilities that are due and need to be paid within an accounting period (which is usually a year or 12 months).