The crossword solution for the term 'NO LIABILITY' is 'ASSET'. An ASSET is something that has value and can be owned or controlled to produce positive value. It is an economic resource that can be used to generate income or other benefits. Assets are typically categorized as either tangible or intangible. Tangible assets are physical items such as cash, land, buildings, equipment, inventory, and investments. Intangible assets are non-physical items such as intellectual property, goodwill, and brand recognition. In the context of 'NO LIABILITY', an ASSET is something that does not have any liabilities associated with it.