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Liability
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Meaning
Noun
●
An
obligation
,
debt
or
responsibility
owed
to someone.
●
In Accounting, Accounting & Insurance:
An
obligation
,
debt
or
responsibility
owed
to someone.
Any
item
recorded
on the
right-hand
side
of a
balance
sheet.
●
A
handicap
that
holds
something back, a
drawback
, someone
or something
that is a
burden
to whoever is required to
take care of
them; an individual or
action
that
exposes
others to
greater
risk.
A person on
a team
that is more of a
hindrance
than a help.
●
The
likelihood
of something happening.
●
The
condition
of being
susceptible
to something.
Sourced from
Wiktionary
Antonyms
Asset
Plus
Related
Burden
Obligation
Obligations
Negligence
Indemnity
Debt
Insurance
Tort
Compensation
Penalties
Litigation
Debts
Payment
Duty
Damages
Fraud
Penalty
Risk
Culpability
Claim
Tax
Threat
Hazard
Liable
Expenses
Breach
Contract
Ownership
Income
Jurisdiction
Benefit
Offence
Failure
Indemnification
Protection
Loan
Guarantee
Expense
Debtor
Claims
Accountability
Nuisance
Insolvency
Insurer
Credit Risk
Duty Of Care
Breach Of Contract
Conflict Of Interest
Burden Of Proof
More
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