### Question
What is the definition of liability?


### Answer
The definition of **liability** is as follows in *26 U.S.C. § 455*:

> a liability to furnish or deliver a newspaper, magazine, or other periodical

#### Citation:
  - *26 U.S.C. § 455*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart B-Taxable Year for Which Items of Gross Income Included**

