liability

Pronunciation

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Noun

Singular liability

Plural liabilities

1. A liability is something for which you are liable or responsible.

   The airline admitted liability for loosing the suitcase.

2. A liability is when you owe money to someone else.

   The company had a liability of more than 10 million dollars.

3. A liability is a weakness or problem that holds you back from doing things.

   He worked as a writer, but found his bad spelling was a real liability.

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