Liability refers to the following:
Law
*
Legal liability
In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both Civil law (common law), civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines give ...
, in both civil and criminal law
**
Public liability
Public liability is part of the law of tort which focuses on civil wrongs. An applicant (the injured party) usually sues the respondent (the owner or occupier) under common law based on negligence and/or damages. Claims are usually successful when ...
, part of the law of tort which focuses on civil wrongs
**
Product liability
Product liability is 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. Although the word "product" has ...
, 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
Professional liability insurance (PLI), also called professional indemnity insurance (PII) and commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and servic ...
Finance
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Liability (financial accounting)
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. The value deliver ...
a current obligation of an entity arising from past transactions or events
** Accrued liabilities and
contingent liability
In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit. These liabilities are not recorded in a company's accounts ...
**
Current liability
Current liabilities in accounting refer to the liabilities of a business that are expected to be settled in cash within one fiscal year or the firm's operating cycle, whichever is longer.Drake, P. P., ''Financial ratio analysis'', p. 3, publishe ...
, 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
Film
* ''
The Liability'', a 2013 film
Music
*
''Liability'' (album), a 2015 album by Prof
*
"Liability" (song), a song by Lorde from the 2017 album ''Melodrama''
* "Liability", a song by Carly Pearce from the 2021 album ''
29: Written in Stone''
* "Liability", a song by Drake from the 2022 album ''
Honestly, Nevermind''
* "Liability", a song by
Fufanu from the 2017 album ''Sports''
* "Liability", a song by
Raleigh Ritchie from the 2016 EP ''Mind the Gap''
* "Liability", a song by The Juliana Theory from the 2001 EP ''
Music from Another Room''
{{disambiguation