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Dictionary

  Definition of liability
  1. the quality of being something that holds you back
  2. an obligation to pay money to another party
  3. the state of being legally obliged and responsible
Similar Words: indebtedness, financial obligation

 

Hyponyms: weak point, disadvantage, limited liability, debt, arrears, account payable, scot and lot, taxability, ratability, rateability

 

 
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