- liability⇄expr. liabilities, the debts or other financial obligations of a business, for money, goods, or services received.
Ex. A business with more liabilities than assets is bound to fail. - liability⇄liability, noun, pl.-ties.
1. the state of being susceptible.
Ex. liability to disease.
(SYN) susceptibility.
2. the state of being under obligation.
Ex. liability for a debt.
3. something that is to one's disadvanta