IPA: /ˈlaɪəbl/
KK: /ˈlaɪəbl/
At risk of experiencing something unpleasant or being legally responsible for something.
If you don't pay your taxes, you may be liable for penalties.
Liable → It originates from the Old French word 'lier' (meaning to bind) and the suffix '-able' (meaning capable of). The word 'liable' means capable of being bound or held responsible for something.
Think of being 'bound' ('lier') to a responsibility — that's why 'liable' means you are responsible for something.