liability

/laɪəˈbɪlɪti/
noun 5

Collocations

13
1

(noun.) responsibility

ADJ

full | legal

VERB + LIABILITY

have

The insurance company has significant liability for accidents that occur on their property.

accept, acknowledge, admit, assume | deny

PREP

~ for

The company accepted liability for the damage caused by their faulty product.

2

(noun.) liabilities: money owed

ADJ

substantial

financial, tax

The bank asked us to declare all our financial liabilities before approving the loan.

VERB + LIABILITY

have

take on, take over

When the new manager took on significant liability for the company's debts, everyone worried about the decision.

cover, discharge, meet

The insurance policy will cover any liability if someone gets injured on our property.

reduce

PREP

~ to

The hospital's liability to patients includes providing safe medical care and proper treatment.

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