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product liability UK US noun [U] LAW
► the area of law that deals with a company's responsibility when a customer is injured or harmed by a product: a product liability case/claim/suit »
Product-liability suits have dramatically increased costs, and therefore prices.
»product liability law/legislation/reform
► the fact that a company is responsible when a customer is injured or harmed by one of its products: »
The law shields flu vaccine manufacturers from product liability.
Financial and business terms. 2012.