Any legal obligation, either due now or at some time in the future. It could be a debt or a promise to do something. To say a person is "liable" for a debt or wrongful act is to indicate that they are the person responsible for paying the debt or compensating the wrongful act.
LIABILITY
Meaning of LIABILITY in English
Duhaime's Law English dictionary. Английский юридический словарь Duhaime . 2012