Math Definitions - Letter L


Definition of Liability

Definition of Liability

Your liability refers to any money you may need to pay out in the future.

It may include things like

  • Repayments of bank loans.
  • Credit card bills.
  • Taxes that haven't yet been paid.
  • Promises of money to relatives and friends, or offers of services such as fixing someone's computer.


The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student


Year 1 to Year 12 students

Learning Objectives

Learn common math terms starting with letter L

Author: Subject Coach
Added on: 6th Feb 2018

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