Aug 19, 2025 · Liabilities are the opposite of assets. They refer to things that you owe or have borrowed. Assets are things that you own or are owed. Liabilities are financial obligations that a person or...

Mar 28, 2019 · Liabilities are any debts a company owes. Liabilities can help a business grow if you don’t exceed your limits. There are three categories of liabilities: current, long-term, and contingent. …

Jul 9, 2025 · In accounting, liabilities are the amounts a business owes to other people or organizations. This could include loans from a bank, unpaid bills to suppliers, wages owed to employees, or taxes …

Nov 8, 2025 · Liabilities are legally binding obligations payable to another person or entity. They can be paid off through the transfer of money, goods, or services.

Jun 24, 2024 · Liabilities are financial obligations that a company owes to external parties. Explore its different types, examples and find how it differs from assets.

What is a Liability? A liability is an obligation of a company that results in the company’s future sacrifices of economic benefits to other entities or businesses. A liability, like debt, can be an alternative to …

The meaning of LIABILITY is the quality or state of being liable. How to use liability in a sentence.

LIABILITY meaning: 1. the fact that someone is legally responsible for something: 2. debts: 3. something or someone…. Learn more.

LIABILITY definition: liabilities, See examples of liability used in a sentence.

Dec 2, 2025 · Liabilities are a fundamental concept in finance and accounting, representing obligations that an entity owes to outside parties. Understanding these obligations is crucial for assessing a …