**Liability** (noun) — a legal responsibility to pay money if someone is hurt or damaged because of something you did or did not do.
Here are some examples of using the word «liability»:
1. The company's decision to cut costs led to a decrease in product quality, which became a liability for them.
2. As a new driver, you are considered a high liability on car insurance policies.
3. The company decided to outsource its IT department to reduce costs, but it turned out to be a liability as they lost control over their systems.
4. The restaurant owner was sued for injuries sustained by a customer, making it a liability on the business's balance sheet.
5. The old building was a liability for the company, as it required constant repairs and maintenance.
6. The insurance company refused to cover the damages as it was considered a pre-existing liability of the property.
7. The company was sued for discrimination, which became a significant liability for their reputation.
8. The government introduced a new law to protect consumers from companies with high liabilities.
9. The company decided to merge with another company to reduce its liabilities and improve its financial stability.
10. The company's CEO was accused of fraud, which became a major liability for the organization.