Word:

Liability

Li`a`bil´i`ty
n.1.The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
2.That which one is under obligation to pay, or for which one is liable.
Limited liability
See Limited company, under Limited.
Noun1.liability - the state of being legally obliged and responsible
2.liability - an obligation to pay money to another party
3.liability - the quality of being something that holds you back
Antonyms:
asset, plus - a useful or valuable quality

LIABILITY. Responsibility; the state of one who is bound in law and justice to do something which may be enforced by action. This liability may arise from contracts either express or implied, or in consequence of torts committed.
     2. The liabilities of one man are not in general transferred to his representative's further than to reach the estate in his hands. For example, an executor is not responsible for the liabilities of his testator further than the estate of the testator which has come to his hands. See Hamm. on Part. 169, 170.
     3. The husband is liable for his wife's contracts made dum sola, and for those made during coverture for necessaries, and for torts committed either while she was sole or since her marriage with him; but this liability continues only during the coverture; as to her torts, or even her contracts made before marriage; for the latter, however, she may be sued as her executor or administrator, when she assumes that character.
     4. A master is liable for the acts of his servant while in his employ, performed in the usual course of his business, upon the presumption that they have been authorized by him; but he is responsible only in a civil point of view and not criminally, unless the acts have been actually authorized by him. See Bouv. Inst. Index, h.t.; Driver; Quasi Offence; Servant.

a thing for, accountability, accountableness, accounts payable, accounts receivable, affinity, amenability, amount due, answerableness, aptitude, aptness, arrearage, arrears, bad debts, barrier, bent, bias, bill, bills, borrowing, burden, cast, chance, charges, chits, conatus, conduciveness, damage, debit, debt, dedication to duty, defenselessness, delight, detriment, devotion to duty, diathesis, disadvantage, disposition, drawback, due, dues, duteousness, dutifulness, eagerness, encumbrance, expectation, exposure, fair expectation, favorable prospect, feeling for, financial commitment, floating debt, funded debt, good chance, handicap, harm, helplessness, hindrance, hitch, hurt, impairment, impediment, inclination, incumbency, indebtment, injury, leaning, likelihood, likeliness, liking, loss, loss of ground, maturity, mischief, nakedness, national debt, nonimmunity, obstacle, obstruction, odds, onus, openness, outlook, outstanding debt, penchant, pledge, predilection, predisposition, prejudice, presumption, presumptive evidence, probabilism, probability, proclivity, proneness, propensity, prospect, public debt, readiness, reasonable ground, reasonable hope, responsibility, responsibleness, score, sense of duty, sense of obligation, sensitivity to, snag, soft spot, step backward, susceptibility, tendency, tropism, turn, twist, uncollectibles, unfulfilled pledge, verisimilitude, vulnerability, warp, weakness, well-grounded hope, willingness
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-- Liability --
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