Liability March 20, 2025 - By 4idiotz « Back to Glossary IndexA financial obligation or debt.Related Articles:Glossary: Malpractice InsuranceGlossary: Contingent LiabilityGlossary: ReleaseGlossary: TortSmokey Robinson Accused by Former Housekeepers of Sexual Assault and RapeAlternative Meanings:LiabilityThe state of being legally responsible for something.LiabilityThe state of being responsible for something, especially by law.« Back to Glossary Index