liability

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Pronunciation[change]

Noun[change]

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.