Investopedia

A liability is something a company owns which is costing money. This includes loans, accounts payable, accrued expenses, and all other money the company owes to other parties.

An economical law which states that growth rates will decline when companies become bigger. A high growth rate is unsustainable, simply because the company would otherwise become bigger than the entire world economy at one point. This law implies that investing in small-cap stocks offers more growth potential.