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(= obligation, debt) tax liability carga f fiscal. current liabilities pasivo m sing circulante.The fundamental purpose of insurance is to spread out the risk of individual investments among many parties to reduce the risk to any individual member of the pool in the event tha...1. Decide on auto insurance coverages. When you compare car insurance rates, make sure you select the same set of coverages for each quote. Coverage requirements vary and some coverages are optional. See our state car insurance guides for state-specific information. Here's an overview to help compare car insurance coverages:liability. [(British) ˌlaɪəˈbɪlɪtɪ , (US) ˌlaɪəˈbɪləti ] noun. 1. (= responsibility) responsabilidad f. to admit/deny liability (for sth) admitir/negar ser responsable (de algo) 2. (= obligation, debt) tax liability carga f fiscal. current liabilities pasivo m sing circulante.Application fee. You have to pay a fee to submit your application. The fee is non-refundable. 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