liability

noun

li·a·bil·i·ty | \ ˌlī-ə-ˈbi-lə-tē

plural liabilities

Definition of liability

1a : the quality or state of being liable was cleared of liability for the accident

b : probability

2 : something for which one is liable especially : pecuniary obligation : debt —usually used in plural business assets and liabilities

3 : one that acts as a disadvantage : drawback This scandal makes the candidate a liability for the party.