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
2024年4月18日 · What are Liabilities? 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. A liability can be considered a source of ...
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?
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 …
Liability Definition & Meaning - Merriam-Webster
: liability of a corporation that is enforced by sanctions imposed against the corporation itself see also pierce. also : the state of being subject to criminal sanctions. specifically : liability imposed on defendants who are all members of an industry that has produced a defective product when the specific manufacturer cannot be identified.
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.
Liability - Definition, Accounting Reporting, & Types
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 equity as a source of a company’s financing.
What is a liability? Definition and examples - Market Business …
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? 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.
Liabilities - 10+ Examples, Definition, Types, Liabilities vs. Assets
2024年6月21日 · Liabilities represent the financial obligations or debts a company or organization owes to others. They are a crucial component of both a company’s balance sheet and a nonprofit’s balance sheet, reflecting loans, accounts payable, and other debts.
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