liability

1. It is considered as a negative attitude or feature of a person or a thing. This pertains to all of your debt or loan to a specific person or financing company or bank. In short, It’s something you owe that is payable in a future time with a corresponding interest rate agreed upon by both parties.
   (chris20, November 18, 2008, 3:31 pm)
2. An cumbersome additional burden to be carried about which interferes in the path of progress.
   (talentos, November 18, 2008, 3:33 pm)
3. It is an accounting term which means obligations by the company or business arising from their past transactions or events that will be settled at a specific given time. These will eventually result to a cash outflow of a company or business. It is presented in the balance sheet statement of the company.
   (chris20, November 18, 2008, 3:34 pm)
4. it is one of the ability to being responsible and legally obliged. financial and accounting area the documentation sould be liable by the responser.
   (rose007, November 18, 2008, 8:35 pm)
5. the state of being liable as the liability of an insurer liability to accidents liability to the law.
   (tech2008, November 19, 2008, 8:43 pm)