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Definition of liability:

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


amenableness, burden, balance, contract, account, pay, owing, encumbrance, contingency, misfortune, openness, freedom, vulnerableness, remainder, financial obligation, lease, compulsion, due, onus, exemption, amenability, indebtedness, exposure, protection, involvement, susceptibleness, accident, accountability, arrearage.

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