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Definitions from the Web

Term: 3 Senses of Liability

Sense 1: Legal Liability

Definition: The legal responsibility or obligation to pay compensation for damages or injuries caused by one's actions or negligence.

Example sentence: The company was sued for liability after one of their products caused harm to a consumer.

Sense 2: Financial Liability

Definition: The financial responsibility or obligation to repay debts or fulfill financial commitments.

Example sentence: He struggled with financial liability after accumulating excessive credit card debt.

Sense 3: Personal Liability

Definition: The moral or ethical accountability for one's actions or choices.

Example sentence: She took personal liability for the mistake and apologized to her teammates.

Related Products on Amazon:

• Liability Insurance
• Debt Management Books
• Books on Moral Accountability