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TeachMeFinance.com - explain responsibility responsibility 'responsibility' is an military term. It means '(DOD) 2. The obligation for the proper custody, care, and safekeeping of property or funds entrusted to the possession or supervision of an individual. See also accountability'. Previous 5 Terms: resolution _ resource management- resources - response force responsibility Next 5 Terms: responsor _ rest and recuperation- restitution - restitution factor restraint Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.