Dictionary and Thesaurus

Definition of Liability

• (n.) The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
• (n.) That which one is under obligation to pay, or for which one is liable.
• (n.) the sum of one's pecuniary obligations; -- opposed to assets.

Synonyms of Liability

• Indebtedness
• Financial Obligation

Antonyms of Liability

• Asset

Homophones of Liability