Liability

/lˌa‍ɪəbˈɪlɪti/

/ˌɫaɪəˈbɪɫɪti/

Liability

the state of being legally obliged and responsible

the quality of being something that holds you back

antonyms : asset

an obligation to pay money to another party

Examples

1. The politician's many slips of the tongue have made him a liability for his party.

2. Courts reduce liabilities.

3. Now, assets have to equal liabilities.

4. Deposits equal liabilities from a bank's point of view.