What is the meaning of liability?

noun

  • The state of being legally obliged and responsible.
  • An obligation to pay money to another party.
  • The quality of being something that holds you back. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). liability. Retrieved September 20, 2026, from http://smartdefine.org/liability/definitions/1211786
ChicagoWordNet. 2010. "liability" http://smartdefine.org/liability/definitions/1211786 (accessed September 20, 2026).
HarvardWordNet 2010, liability, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/liability/definitions/1211786>.
MLAWordNet. "liability" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/liability/definitions/1211786>
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