accountabilitynoun/əˌkaʊn.təˈbɪl.ə.ti/

• 1

  The state of being accountable; liability to be called on to render an account or give an explanation; liability to be held responsible or answerable for something.

  • The United States stands at this time at the pinnacle of world power. It is a solemn moment for the American Democracy. For with primacy in power is also joined an awe-inspiring accountability to the future.
  • Some companies may not even know whether nanomaterials are present in their products, the corporate accountability group As You Sow said.
• 2

  An open determination of one's responsibility for something and imposition of consequences.

  • Just think about that: 1 in 4 had an error, and 1 in 20 was seriously wrong. And that is not good. If every 20th Frosty that Wendy’s sold turned out to be a cup of warm goat semen, we would want some accountability and we’d want it fast! At least freeze it!
  • Levying a charge will not, by itself, guarantee accountability: witness the millions of dissatisfied customers of the private sector travel agents who book the wrong holiday, solicitors who over-charge, builders who do shoddy work, garages that misrepair cars, estate agents who mislead, shops that sell defective goods and refuse refunds, etc.
• 3

  An acceptance of good faith of one's responsibility for something and of its consequences.

  • As the biggest rail player, Network Rail was usually held accountable for failings, but had no authority to change anything to solve the problems. The DfT had been given that authority in 2004 - but consistently ducked accountability.
  • The erosion of accountability doesn't seem to matter now, but it will matter when things start unraveling.
• 4

  governmentmilitarypoliticsThe obligation imposed by law or regulation on an officer or other person for keeping an accurate record of property, documents, or funds.