liabilities
Pronunciation: [laɪəˈbɪlɪtiz]
Word
Context: "finance"
(noun) things that a person or company owes to others. This can include money they need to pay back or any other kind of responsibility. Imagine if you borrowed money from a friend; that amount is a liability for you.
Example
The business has several liabilities, but it also has enough assets to cover them.
Example
After the review, we found that our liabilities were much higher than we expected.
Example
What are the major liabilities that the company currently has?
Context: "responsibility"
(noun) a situation where someone is responsible for something or someone. For instance, if you are expected to take care of a pet, that is a liability because you are responsible for its wellbeing.
Example
Being a team leader can sometimes feel like a liability, but it also means you can help your teammates succeed.
Example
His attitude has become a liability for the group because it discourages others.
Example
Do you feel that having too many responsibilities can be a liability?
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