LIABILITY

n. 1 answerability, responsibility, burden, onus, accountability Who bears the liability for the company's losses? 2 obligation, debt, indebtedness, arrear(s), debit Outstanding shares are treated as a liability of the corporation 3 disadvantage, drawback, hindrance, impediment, encumbrance, snag, hitch, barrier, obstacle, obstruction, burden, onus Her biggest liability is her inability to read 4 exposure, susceptibility, vulnerability The insurer's liability is spread amongst many underwriters