Liability is a legal or financial obligation that someone is responsible for, such as debt or potential risk. It can also refer to the state of being legally answerable for something. In everyday use, it often describes financial exposure or responsibility that could lead to loss or liability insurance coverage.
Full pronunciation guide35 of 62 videos
1:08Interoperability
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1:01Iteration
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1:04Jurisdiction
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0:58Leverage
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1:02Liability
How to Pronounce Liability
1:00Licensing
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1:00Licensure
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0:59Liquidity
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0:56Market
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1:18Monetization
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