liability

hukuki sorumluluk C1

the state of being legally responsible for something, especially a debt or a wrongdoing

The contractor has liability for any construction delays.

• If you sign the contract, you take on liability for the project.
• Limited liability protects shareholders from personal financial loss.

• assume liability · sorumluluğu üstlenmek The company agreed to assume liability for any product defects.
• limited liability · sınırlı sorumluluk Investors benefit from the limited liability of a corporation.
• accept liability for sth The airline accepted liability for the lost luggage.

sb: birisi · sth: bir şey

benzer: accountabilityresponsibility

borç, mali yükümlülük B2

a financial debt or obligation that a person or organization owes

The firm listed a liability of ten thousand dollars on its financial report.

• She paid off her credit-card liability before the due date.
• Banks monitor a company's liability to assess its credit risk.
• The new regulation requires firms to disclose all off-balance-sheet liabilities.
• Analysts warned that rising liability levels could threaten the sector's stability.

• current liability · kısa vadeli borç The balance sheet shows a high amount of current liability.

sb: birisi · sth: bir şey

benzer: debt

zıt: asset