liability; legal or financial responsibility
A katakana noun used in legal, insurance, accounting, or business contexts for an obligation, debt, or responsibility. In general Japanese, 責任, 賠償責任, or 負債 may be clearer depending on the context.
This insurance covers liability to third parties.
The scope of liability needs to be made clear in the contract.
The manufacturer bears liability for defects in its products.
Liability arose due to the breach of contract.