Definition(s):
In the financial domain, liability refers to a financial obligation or the cash outlay that must be made at a specific time to satisfy the contractual terms of obligation. In turn, contingent liability refers to a financial obligation that will be paid, but only if a spefic event occurs in the future. Thus, in the TD context, liability refers to TD items, i.e., immature software artifacts that have not been developed with the
optimal design-time quality and, consequently, they are subject to improvement.