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Related to liabilities: Current liabilities, Assets and Liabilities, Accrued liabilities, Contingent liabilities
n. pl. li·a·bil·i·ties
1. The state of being liable.
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.
(Accounting & Book-keeping) accounting business obligations incurred but not discharged and entered as claims on the assets shown on the balance sheet. Compare assets1
Debts, including bank loans and money invested in the business by holders of bonds and shares.
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|Noun||1.||liabilities - anything that is owed to someone else|
possession - anything owned or possessed
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