lia
bi
li
ty
Plural
liabilities
1
the state of being legally obliged and responsible
2
the quality of being something that holds you back
Antonyms:
3
a commitment to provide a specific amount of money to another person or organization
- Joining the investment club came with the liability of committing $1,000 to the collective fund annually.
- After signing the contract, the artist had a liability to pay the gallery a fixed fee for exhibition space.
- The membership agreement outlined the liability of members to contribute $100 annually for club maintenance.
- The secret society initiation involved an unusual liability – members had to donate a mysterious amount to the charity of their choice.
- By accepting the loan, Sarah took on the liability of repaying the borrowed $10,000 over the next five years.
Synonyms: