This is the 136th most frequent Dutch word.
ligt
"Ligt" means "lies" or "is located."
Here, "ligt" is used to show where the responsibility metaphorically resides.
De verantwoordelijkheid ligt bij de manager.
The responsibility lies with the manager.
In this sentence, "ligt" describes the geographical placement of the city.
De stad ligt aan de rivier.
The city is situated by the river.
The word "ligt" here indicates the position of the book, meaning it is lying on the surface of the table.