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Liability

/laɪəˈbɪlɪti/

An obligation, debt or responsibility owed to someone.

📖 Definitions of "Liability"

noun
  1. 1

    An obligation, debt or responsibility owed to someone.

  2. 2

    A handicap that holds something back, a drawback, someone or something that is a burden to whoever is required to take care of them; an individual or action that exposes others to greater risk.

  3. 3

    The likelihood of something happening.

  4. 4

    The condition of being susceptible to something.

🔄 Synonyms of "Liability"

3 synonyms found via WordNet and Google Books.

WordDefinition
indebtednessnounState of owing money; being in debt.
pecuniary obligation
financial obligationnounan obligation to pay money to another party

↔️ Antonyms of "Liability"

Words with the opposite meaning.

WordDefinition
plusnounA positive quantity.
assetnounA thing or quality that has value, especially one that generates cash flows.

💡 Words with a Similar Meaning to "Liability"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
indebtednessnounState of owing money; being in debt.
financial obligationnounan obligation to pay money to another party
pecuniary obligationnoun
dettenounObsolete form of debt. [An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.]
debtnoun(finance) Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.
obligationnounA social, legal, or moral requirement, duty, contract, or promise that compels someone to follow or avoid a particular course of action.
prosecutionnoun(law) The institution of legal proceedings (particularly criminal) against a person.
dutynoun(countable, uncountable) That which one is morally or legally obligated to do.
payablenoun(in the plural) Debts owed by a business; liabilities.
compensationnounThe act or principle of compensating.
ownershipnounThe state of having complete legal control of something; possession; proprietorship.
debtornoun(economics) A person or firm that owes money; one in debt; one who owes a debt.
paynounMoney given in return for work; salary or wages.
indemnitynounSecurity from damage, loss, or penalty.
responsiblenoun(archaic) The individual who bears the responsibility for something.
chargenounThe amount of money levied for a service.
jurisdictionnounThe power, right, or authority to interpret and apply the law.
obligedUnder an obligation to do something.
accountabilitynounThe 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.
responsibilitynounA duty, obligation or liability for which someone is held accountable.

Words Strongly Associated with "Liability"

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