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Undertaking vs Liability - What's the difference?

undertaking | liability |

As nouns the difference between undertaking and liability

is that undertaking is the business of an undertaker, or the management of funerals while liability is the condition of being liable.

As a verb undertaking

is .

undertaking

English

Noun

(en noun)
  • The business of an undertaker, or the management of funerals.
  • A promise or pledge; a guarantee.
  • That which is undertaken; any business, work, or project which a person engages in, or attempts to perform; an enterprise.
  • The act of one who undertakes, or engages in, any project or business.

    • Verb

    (head)
    • (Webster 1913)

    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