Englishfor English speakers
liability
Noun
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A liability is something for which you are liable or responsible.
The airline admitted liability for loosing the suitcase.
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A liability is when you owe money to someone else.
The company had a liability of more than 10 million dollars.
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A liability is a weakness or problem that holds you back from doing things.
He worked as a writer, but found his bad spelling was a real liability.
accounting
Noun
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Accounting involves keeping records on financial information.
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An accounting goes over an event that happened and the explanation for why it happened.