Your employer doesnât have to pay you during your service but you can claim for loss of earnings from the court. Your employer must fill out a Certificate of Loss of Earnings, which you get with the letter confirming your jury service. Send this as part of your claim for expenses once youâve completed jury service.
Definition of liability for English Language Learners. : the state of being legally responsible for something : the state of being liable for something. : something (such as the payment of money) for which a person or business is legally responsible.
In simple words, liability is an obligation of the entity to transfer cash or other resources to another party. Liability could for instance be a bank loan, which obligates the entity to pay loan installments over the duration of the loan to the bank along with the associated interest cost. Alternatively, an entity's liability could be a trade payable arising from the purchase of goods from a supplier on credit.