<p><strong>Noun</strong></p><ul><li>liabilities, Finance: moneys owed; debts or pecuniary obligations (assets).</li><li>Accounting: liabilities as detailed on a balance sheet, especially in relation to assets and capital.</li><li>something disadvantageous: His lack of education is his biggest liability.</li><li>Also liable-ness: the state or quality of being liable: liability to disease.</li></ul>