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Liability
01
the state of being legally obliged and responsible
Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
liabilities
02
the quality of being something that holds you back
03
a commitment to provide a specific amount of money to another person or organization
Examples
Joining the investment club came with the liability of committing $1,000 to the collective fund annually.
