/ Dictionary / Index F fixed liability: Meaning and Definition of Find definitions for: fixed' liabil'ity Pronunciation: [key] a liability, as a mortgage or debenture, that will not mature for a relatively long time. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. fixed-length fixed oil Related Content Daily Word Quiz: lunar Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language