liability
lia·bi·lity
noun
1.
the state of being legally obliged and responsible
2.
an obligation to pay money to another party
Origin
From liable + -ity.
Phrases
- alternative liability
- chancel repair liability
- current liability
- enterprise liability
- imputed liability
- liability insurance
- limited liability
- limited liability company
Related words
Word family
Broader terms
WordNet 2.1 (Princeton University). Wiktionary (CC BY-SA). CMU Pronouncing Dictionary. WordNet 2.1 Copyright Princeton University. All rights reserved. Wiktionary content is available under the Creative Commons Attribution-ShareAlike Licence.