Liability: Definition, Types, Example, and Assets vs. Liabilities
2024年7月30日 · A liability is something a person or company owes, usually a sum of money. Payment can be either near- or long-term. Liability can also mean a legal risk or obligation.
Liabilities definition — AccountingTools
5 天之前 · Liabilities are legally binding obligations that are payable to another person or entity. Settlement of a liability can be accomplished through the transfer of money, goods, or services. A liability is increased in the accounting records with a credit and decreased with a debit.
LIABILITIES | English meaning - Cambridge Dictionary
The obligation to dispose of nuclear waste creates huge liabilities for utility companies. They needed to bring in a lot more cash to reduce their liabilities. 債務，負債… 债务，负债… Need …
What are Liabilities? - Definition | Meaning | Example
Definition: A liability is a debt owed from one company to a person or company that is not an owner of business. In other words, liabilities are debts owed to non-owners or creditors. What Does Liability Mean?
Liability definition — AccountingTools
2024年8月2日 · What is a Liability? A liability is a legally binding obligation payable to another entity. Liabilities are incurred in order to fund the ongoing activities of a business. Examples of liabilities are accounts payable, accrued expenses, wages payable, and taxes payable.
What is a liability? Definition and examples - Market ...
In accounting and finance, a Liability is a legal debt or obligation that an entity must pay back. An entity could be, for example, a person or a company. Assets are what a company owns, while liabilities are what it owes. The International Accounting Standards Board’s (IASB’s) definition of a liability is currently the most widely accepted ...
What Are Liabilities? Definitions, Types & Example - TheStreet
2022年4月21日 · Liabilities are what's owed by an individual or a company. They are—in accounting terms—a company's present obligations, originating from past transactions, through which economic...
What Are Liabilities? Definition, Examples, and Types
2024年1月15日 · A liability is something that is borrowed from, owed to, or obligated to someone else. It can be real (e.g. a bill that needs to be paid) or potential (e.g. a possible lawsuit). Liability may also refer to the legal liability of a business or individual.
Liability Definition & Examples - Quickonomics
2024年3月22日 · Liabilities represent debts or monetary obligations that arise during the course of business operations, such as loans, accounts payable, mortgages, deferred revenues, or bonds payable. These obligations are settled over time through the transfer of economic benefits including money, goods, or services.
Liability: Definition, Types, Example, and Assets vs. Liabilities
What Is a Liability? A liability is a financial obligation or debt that an individual, company, or organization owes to another party. It represents a claim against the entity’s assets and reflects the responsibilities to fulfill future payments or deliver goods or services.
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