Look up liability in Wiktionary, the free dictionary.

Liability may refer to:

Law

• Legal liability, in both civil and criminal law
  • Public liability, part of the law of tort which focuses on civil wrongs
  • Product liability, the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause
  • Professional liability for one's professional acts, as in professional liability insurance

Finance

• 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, liabilities with a future benefit over a certain period of time (e.g. longer than one year)

Arts and media