liability
Debt or disadvantage
A liability is something you're responsible for or obligated to pay—debts, damages, legal obligations.
In business and law, liabilities are what an entity owes: The company's liabilities exceeded its assets.
More casually, a liability is a person or thing that creates disadvantage or risk: His temper is a liability.
The opposite of an asset in both senses.
Civil court proceeding
- tortActionable civil harm
- negligenceFailure to exercise care
- damagesCompensation for injury
- plaintiffCivil case initiator
defendant · litigation · malpractice · indemnity · breach · settlement · compensation · claim
Money owed another
- obligationRequired task or commitment
- loanBorrowed money repaid later
- creditorOne owed money
- defaultPreset standard option
repayment · mortgage · arrears · balance sheet · accounts payable · insolvency · amortization · principal
State of being unprotected
- insuranceContractual risk coverage
- hazardSource of potential harm
- coverageExtent of inclusion
- underwritingRisk evaluation and acceptance
premium · policy · indemnification · actuarial · mitigation · assessment · contingency · hedge
Hindrance or legal claim
- hindranceBarrier to progress
- obstacleSomething blocking the way
- albatrossLong-winged oceanic bird
- handicapImposed competitive disadvantage
impediment · millstone · deadweight · drawback · detriment · disadvantage · drag · nuisance
Required moral task
- answerabilityObligation to explain oneself
- onusResponsibility one bears
- culpabilityDeserving blame for wrongdoing
- blameAssign responsibility for wrongdoing
fault · charge · stewardship · fiduciary · oversight · guarantor · trustee · burden of proof
lawsuit
Civil court proceeding
- tortActionable civil harm
- negligenceFailure to exercise care
- damagesCompensation for injury
plaintiff · defendant · litigation · malpractice · indemnity · breach · settlement · compensation · claim · sue
debt
Money owed another
- obligationRequired task or commitment
- loanBorrowed money repaid later
- creditorOne owed money
default · repayment · mortgage · arrears · balance sheet · accounts payable · insolvency · amortization · principal · collateral
exposure
State of being unprotected
underwriting · premium · policy · indemnification · actuarial · mitigation · assessment · contingency · hedge · safeguard
encumbrance
Hindrance or legal claim
handicap · impediment · millstone · deadweight · drawback · detriment · disadvantage · drag · nuisance · baggage
duty
Required moral task
- answerabilityObligation to explain oneself
- onusResponsibility one bears
- culpabilityDeserving blame for wrongdoing
blame · fault · charge · stewardship · fiduciary · oversight · guarantor · trustee · burden of proof
- contract termscontract terms, agreement, terms, conditions, condition
- Licensing Termslicense fees, royalties, terms, conditions, exclusivity
- tort lawtort, tort law, negligence, duty of care, breach of duty
- personal financesavings, income, credit, investments, bills
- accountabilityanswerability, responsible, culpability, answerable, take the blame
- burdensburden, load, onus, obligations, weight
liabilityasset
Item of value owned
equity · credit · receivable · holding · property
liabilityimmunity
Protected from harm
impunity · exemption · privilege · protection · unaccountability
- liability protectionSafeguard against legal claims
- public liabilityLegal responsibility to others
- strict liabilityLegal responsibility without fault
- legal liabilityResponsibility under the law
- liability insuranceCoverage for harm caused
- limited liabilityCapped financial responsibility for owners
reliability, unreliability, liabilities, reliabilities, liability insurance