A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Business liability insurance protects the financial interests of companies and business ...

The name practically says it all--limited liability. Who doesn't want to reduce their liability? Limited liability business forms, including limited liability companies, limited liability partnerships ...

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To be liable for something, under the law, means to be responsible in some way for an outcome that results in a violation of the law (criminal liability) or in an injury to others (civil liability).