financial liability

USAGE SUMMARY

"financial liability" is a correct and usable phrase in written English.
"Financial liability" refers to the responsibility or obligation to pay for something or cover a debt related to financial matters. It is often used in the context of accounting and business, but can also be applied to personal finances. Example: The new company policy states that all employees are held accountable for any financial liability incurred while using the corporate credit card. In this sentence, "financial liability" refers to the responsibility of the employees to pay for any expenses charged to the company credit card.

✓ Grammatically correct

News & Media

Science

Academia

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

As a child, that prospective progeny is a financial liability.

The New York Times

The hospital risk manager's role is to minimize the financial liability from errors.

The New York Times

The big wild card, however, is the company's ultimate financial liability for the oil spill.

The New York Times

The underlying German logic that shared financial liability must imply shared oversight remains the same.

The Economist

The Public continues to be involved in developing those productions, but without financial liability.

The New York Times

"An amicable separation without any financial liability to Leekens or the federation was agreed.

The Guardian - Sport

These actions reflect a general trend of aversion to financial liability and vulnerability by way of flexibility, dynamism, and diversification.

Marine Policy

Failure to teach and enforce constitutional requirements exposes municipalities to financial liability.

Cornell University

(ii) The date that the enrollee's financial liability for continued services begins.

Cornell University

Data Privacy just officially became a massive financial liability for Social Media!

University of California, Berkeley

Comments Off on Data Privacy just officially became a massive financial liability for Social Media!

University of California, Berkeley

Expert writing Tips

Best practice

When discussing "financial liability", be specific about who bears the responsibility and the nature of the obligation. Provide quantifiable details whenever possible to enhance clarity and impact.

Common error

Avoid using "financial liability" interchangeably with "financial risk". "Financial liability" refers to an existing obligation, while "financial risk" denotes the potential for future loss. Understand the difference and use accordingly.

Linguistic Context

The phrase "financial liability" functions primarily as a noun phrase, identifying a specific type of obligation or debt. Ludwig showcases this in numerous examples across diverse contexts.

Expression frequency: Very common

Frequent in

News & Media

45%

Science

25%

Academia

15%

Less common in

Wiki

5%

Formal & Business

5%

Reference

0%

Ludwig's WRAP-UP

In summary, "financial liability" is a grammatically sound and frequently used noun phrase that describes a financial obligation or debt. Ludwig AI confirms its widespread acceptance and usage across various domains, including news, science, and academia. Its professional register and purpose of denoting significant monetary commitments make it crucial to use precisely. To enhance clarity in your writing, consider being specific about the responsible party and nature of the obligation. Remember not to confuse it with "financial risk", which indicates potential future loss, as opposed to a current obligation. Understanding these nuances will allow you to employ "financial liability" effectively and avoid potential misinterpretations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

monetary obligation

Focuses more on the duty to pay a specific amount.

fiscal responsibility

Emphasizes the broader duty of managing finances prudently.

economic burden

Highlights the negative impact or hardship caused by a financial obligation.

pecuniary risk

Focuses on the possibility of financial loss or danger.

debt exposure

Indicates the extent to which one is vulnerable to financial loss due to debt.

legal obligation

Highlights the legal enforceability of the responsibility.

financial accountability

Focuses on the need to justify financial actions and outcomes.

potential claims

Emphasizes future possibility that someone may demand money from you.

outstanding debts

Stresses the pending status of an obligation to be settled.

accrued expenses

Emphasizes the costs that accumulated over a period but not yet paid.

FAQs

What are some examples of "financial liability"?

Examples of "financial liability" include outstanding loans, unpaid invoices, legal settlements, and potential warranty claims. These represent existing or potential obligations to pay money.

How does "financial liability" differ from "financial risk"?

"Financial liability" is a current obligation, while "financial risk" is the potential for future loss. A loan is a "financial liability", while the possibility of a market crash is a "financial risk".

What's the difference between "financial liability" and "financial responsibility"?

"Financial liability" refers to a specific obligation or debt. "Financial responsibility" is a broader term encompassing the overall management and accountability for financial matters.

How can companies minimize their "financial liability"?

Companies can minimize their "financial liability" by managing debt prudently, maintaining adequate insurance coverage, complying with legal regulations, and implementing robust risk management practices.