Pronunciation: li-a-bil-ity
Definition: disadvantage
Part of Speech: noun
Etymology: 1810s
Professional Site: How New Mexico reduced its pension liability by $1.5 billion this year
http://www.washingtonpost.com/blogs/govbeat/wp/2013/11/04/how-new-mexico-reduced-its-pension-liability-by-1-5-billion-this-year/
The liability to the chain was the red one because it is broken.
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