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Definition of Liability
1. Noun. The state of being legally obliged and responsible.
Generic synonyms: Susceptibility, Susceptibleness
Specialized synonyms: Taxability, Ratability, Rateability
Derivative terms: Liable
Specialized synonyms: Taxability, Ratability, Rateability
Derivative terms: Liable
2. Noun. An obligation to pay money to another party.
Exact synonyms: Financial Obligation, Indebtedness
Specialized synonyms: Limited Liability, Debt, Arrears, Account Payable, Payable, Scot And Lot
Generic synonyms: Obligation
Derivative terms: Indebted
Specialized synonyms: Limited Liability, Debt, Arrears, Account Payable, Payable, Scot And Lot
Generic synonyms: Obligation
Derivative terms: Indebted
3. Noun. The quality of being something that holds you back.
Generic synonyms: Bad, Badness
Specialized synonyms: Weak Point, Disadvantage
Antonyms: Asset
Derivative terms: Liable
Specialized synonyms: Weak Point, Disadvantage
Antonyms: Asset
Derivative terms: Liable
Definition of Liability
1. n. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
Definition of Liability
1. Noun. the condition of being liable ¹
2. Noun. an obligation, debt or responsibility owed to someone. ¹
3. Noun. a handicap that holds one back ¹
4. Noun. the likelihood of something happening ¹
¹ Source: wiktionary.com
Definition of Liability
1. [n -TIES]