Last edited 16 Oct 2020

Liability

In its broadest sense, the word 'liability' refers to a responsibility placed on someone, or something that places them at a disadvantage.

Liability has a number of more specific meanings, depending on the context in which it is used:

More detailed examples include:

NB The UN Procurement Practitioner's Handbook, produced by the Interagency Procurement Working Group (IAPWG) in 2006 and updated in 2012 defines liability as: ‘Any obligation incurred as a result of law, rule or agreement; being legally obliged and responsible; a debt or an obligation to another party.’

[edit] Related articles on Designing Buildings Wiki

Designing Buildings Anywhere

Get the Firefox add-on to access 20,000 definitions direct from any website

Find out more Accept cookies and
don't show me this again
"