liabilities
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Related to liabilities: Current liabilities, Assets and Liabilities, Accrued liabilities, Contingent liabilities
li·a·bil·i·ty
(lī′ə-bĭl′ĭ-tē)n. pl. li·a·bil·i·ties
1. The state of being liable.
2.
a. Something for which one is liable; an obligation, responsibility, or debt.
b. liabilities The financial obligations entered in the balance sheet of a business enterprise.
3. Something that holds one back; a handicap.
4. Likelihood.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
liabilities
(ˌlaɪəˈbɪlɪtɪz)pl n
(Accounting & Book-keeping) accounting business obligations incurred but not discharged and entered as claims on the assets shown on the balance sheet. Compare assets1
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
liabilities
Debts, including bank loans and money invested in the business by holders of bonds and shares.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
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Noun | 1. | liabilities - anything that is owed to someone else possession - anything owned or possessed plural, plural form - the form of a word that is used to denote more than one tax liability - the amount of tax owed; calculated by applying the tax rate to the tax base payables - money that you currently expect to pay on notes and accounts deficit - an excess of liabilities over assets (usually over a certain period); "last year there was a serious budgetary deficit" debt - money or goods or services owed by one person to another charge - financial liabilities (such as a tax); "the charges against the estate" accounts payable - a debtor's accounts of money he owes; normally arise from the purchase of products or services |
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