liability
/ˌlaɪəˈbɪləti/
noun
- Legal or financial responsibility for something, especially for damage or debt.
- Business owners have a liability to keep their premises safe for customers.
- The driver accepted liability for the accident and paid for the repairs.
- If you sign the contract, you take on full liability for the loan.
- A person or thing that causes problems or holds someone back.
- She considered her shyness a liability when networking.
- His bad temper was a liability in the workplace.
- The old computer was more of a liability than an asset.
- An amount of money owed; a debt.
- The bank listed the mortgage as a long-term liability.
- Paying off that liability will take several years.
- The company reported a liability of $2 million on its balance sheet.
Synonyms