liability
//ˌlaɪəˈbɪləti//
Noun
liabilitySingular
liabilitiesPlural
1
The state of being legally responsible for something, especially for paying debts or fulfilling obligations
The company accepted full liability for the damages caused by the defective product.
2
A financial debt or obligation that a person or company owes
The company's liabilities exceeded its assets.
3
A person or thing that causes problems or difficulties; a disadvantage or burden
His lack of experience made him a liability to the team.