1. [ noun ] (law,finance,writing,business) an obligation to pay money to another party
Synonyms: liability
Related terms: financial_condition obligation debt obligation arrears scot_and_lot account_payable limited_liability
2. [ noun ] possession that is owed to someone else
Synonyms: liability pecuniary_obligation financial_obligation
Related terms: asset possession obligation debt debt accounts_payable limited_liability deficit account_payable scot_and_lot arrears charge payables tax_liability