/ˌlaɪəˈbɪlətiˈ/ – Noun
Definition: 1. trách nhiệm pháp lý;
2. nghĩa vụ;
3. snh điều cam kết, tài sản nợ (tiêu sản), nợ, khoản phải trả.
A more thorough explanation: Liability refers to the legal responsibility or obligation for one’s actions or debts. In a legal context, liability can refer to being held accountable for damages, losses, or injuries caused to another party, or being responsible for fulfilling a financial obligation or debt.
Example: The company’s liability for the breach of contract was clearly outlined in the agreement.