li·a·bil·i·ty 
(lī′ə-bĭlĭ-tē)
(lī′ə-bĭlĭ-tē)n. pl. li·a·bil·i·ties
1. The state of being liable.
2.
a. Something for which one is liable; an obligation, responsibility, or debt.
b. liabilities The financial obligations entered in the balance sheet of a business enterprise.
3. Something that holds one back; a handicap.
4. Likelihood.