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liability

Pronunciation: /laɪəˈbɪlɪti/

The English word “liability” has 6 meanings listed here.

noun

  1. An obligation, debt or responsibility owed to someone.
  2. Any kind of debt recorded on the right-hand side of a balance sheet.
  3. A handicap that holds something back, a drawback, someone or something that is a burden to whoever is required to take care of them; a person or action that exposes others to greater risk.
  4. A person on a team that is more of a hindrance than a help.
  5. The likelihood of something happening.
  6. The condition of being susceptible to something.

Etymology

From liable + -ity.

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Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.