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.
- water board
- waterboarding
- water boatman
- waterborne
- water-borne
- water brash
- waterbuck
- water buffalo
- water bug
- Waterbury
- waterbus
- water caltrop
- water cannon
- water chestnut
- water chinquapin
- water clock
- water closet
- water clover
- watercolor
- watercolorist
- water column
- water-cool
- water cooler
- watercourse
- watercraft