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Possibility vs Liability - What's the difference?

possibility | liability |

As nouns the difference between possibility and liability

is that possibility is the quality of being possible while liability is the condition of being liable.

possibility

English

Noun

(possibilities)
  • The quality of being possible.
  • A thing possible; that which may take place or come into being.
  • * {{quote-magazine, date=2013-07-20, volume=408, issue=8845, magazine=(The Economist)
    • , title= The attack of the MOOCs , passage=Since the launch early last year of […] two Silicon Valley start-ups offering free education through MOOCs, massive open online courses, the ivory towers of academia have been shaken to their foundations. University brands built in some cases over centuries have been forced to contemplate the possibility that information technology will rapidly make their existing business model obsolete.}}
  • An option or choice, usually used in context with future events.

    • Synonyms

    * option * choice * contingency * See also

    Antonyms

    * impossibility

    Derived terms

    * logical possibility * possibility theory

    Related terms

    * impossibility * possible * potence * potency * potent * potentate * potential * potentiality * power

    External links

    * *

    liability

    English

    Noun

    (wikipedia liability) (liabilities)
  • the condition of being liable.
  • an obligation, debt or responsibility owed to someone.
  • * 1901 , , (w, The Monkey's Paw)
    • "I was to say that Maw and Meggins disclaim all responsibility," continued the other. "They admit no liability at all, but in consideration of your son's services they wish to present you with a certain sum as compensation."
  • a handicap that holds one back.
  • the likelihood of something happening.

    • Antonyms

    * asset

    Derived terms

    * enterprise liability * secondary liability * vicarious liability