liability vs indebtedness

liability and indebtedness both are nouns.

Word	Noun	Adjective	Verb	Adverb
liability	Yes	No	No	No
indebtedness	Yes	No	No	No

As nouns, liability and indebtedness are synonyms defined as:

Other synonyms of liability include financial obligation.

liability (noun)	indebtedness (noun)
the quality of being something that holds you back	a personal relation in which one is indebted for a service or favor
an obligation to pay money to another party	an obligation to pay money to another party
the state of being legally obliged and responsible