The following definitions were taken from Merriam Webster Dictionary via Merriam-Webster.com.

liberty

lib·er·ty | \ ˈli-bər-tē \

plural liberties

Definition of liberty

1: the quality or state of being free:

a: the power to do as one pleases

b: freedom from physical restraint

c: freedom from arbitrary or despotic (see DESPOT sense 1) control

d: the positive enjoyment of various social, political, or economic rights and privileges

e: the power of choice

2a: a right or immunity enjoyed by prescription or by grant : PRIVILEGE

b: permission especially to go freely within specified limits was given the liberty of the house

3: an action going beyond normal limits: such as

a: a breach of etiquette or propriety : FAMILIARITYtook undue liberties with a stranger

b: RISK, CHANCE took foolish liberties with his health

c: a violation of rules or a deviation from standard practice took liberties in the way he played the game

d: a distortion of fact The movie takes many liberties with the actual events.

4: a short authorized absence from naval duty usually for less than 48 hours

free·dom | \ ˈfrē-dəm \

1: the quality or state of being free: such as

a: the absence of necessity, coercion, or constraint in choice or action

b: liberation from slavery or restraint or from the power of another : INDEPENDENCE

c: the quality or state of being exempt or released usually from something onerous freedom from care

d: unrestricted use gave him the freedom of their home

e: EASE, FACILITY spoke the language with freedom

f: the quality of being frank, open, or outspoken answered with freedom

g: improper familiarity

h: boldness of conception or execution

2a: a political right