liability
an obligation to settle a debt
Liabilities can be divided into two categories: current liabilities (such as wages, taxes, account payables) and long-term or fixed liabilities (such as long-term loans, pension obligations, long-term bonds).
In accounting, liabilities are listed on the balance sheet along with assets and ownership equity.
Note that liability is also used in insurance with the meaning of responsability and financial accountability.
Find this term in Shortoncashflow’s following entries:
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asset–Short On Cashflow said on September 4, 2009, 12:06 pm:
[...] 2.0 feed. You can leave a response, or trackback from your own site. « The Virtual Team liability [...]
Rate of Return–Short On Cashflow said on September 4, 2009, 12:07 pm:
[...] you own stock in a business, who had $10 million in assets and $4 million in liabilities, the shareholders equity in the business would be $6 million. If the company earned a net profit of [...]
Companies to Avoid Investing In–Short On Cashflow said on September 4, 2009, 12:08 pm:
[...] They have low returns on shareholders’ equity (equity = the company’s total assets minus total liabilities). [...]
current liability–Short On Cashflow said on September 4, 2009, 1:59 pm:
[...] out more about liabilities here. (0) Comments Permalink Newsletter & [...]
long-term liability–Short On Cashflow said on September 4, 2009, 2:50 pm:
[...] out more about liabilities here. (1) Comments Permalink Newsletter & [...]
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