Definitions for "LIABILITIES"
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Debt or other legal obligations arising out of transactions in the past which must be liquidated, renewed, or refunded at some future date.
sums of money for which account has to be made; for example, the liabilities of a company include its bank loans and overdraft, short term debts for goods and services received and its loan capital and the capital subscribed by shareholders. math : function symbol
Liabilities are sums owed by a company they are also known as creditors or payables.
Debts and obligations of the institution owed to outsiders or claims or rights, expressed in monetary terms, of an institution's creditors. GASB institutions are required to report liabilities under two categories - current liabilities and noncurrent liabilities.
The debts of a person or company.
A person's outstanding debt obligations.
The claims against a corporation or other entity. They include accounts payable, wages and salaries, dividends, taxes and obligations such as bonds, debentures and bank loans. See current liabilities and total liabilities.
The cost of a pension plan's current and future benefit commitments (the amount required to pay for benefits that are currently being paid by the plan plus the amount required to pay for benefits that are expected to be paid in the future).
Debts or claims that creditors have against assests. Back to the Top
An insurance company's liabilities consist of its immediate or contingent policy obligations and unpaid claims, as well as the usual obligations arising out of doing business such as taxes, payroll, etc.
Financing provided to a business by third parties other than shareholders. Major examples include trade creditors (suppliers who sell goods to the company on credit) and bank loans and overdrafts. See also Balance Sheet.
A financial obligation, debt, or claim against a person or institution. Simply put, liabilities are the debts you owe. You subtract your liabilities from the total value of the assets you own to determine your net worth. Liabilities include your mortgage, credit card debt, installment and auto loans, loans against a life insurance policy, students loans and loans against your investments (such as margin loans with a brokerage firm). Other liabilities include any taxes you owe -- even taxes you would owe if you sold all of your investments today.
Debts or anything owed to another person or party. Liabilities include credit card balances, loans secured by investment or personal assets, such as an automobile, or loans secured by a home.
Amounts owed under obligation s for goods and services received and other assets acquired; includes accrual s of amounts earned but not yet due and progress payment s due on contract [D02953] PMDT
the debts of the enterprise. Page 327
Items which are owed e.g. loans, debts in general.
Portion of an insurer's balance sheet which denotes legal obligations of the company, including anticipated future payments of losses covered under policies issued.
An entity's obligations to transfer economic benefits as a result of past transactions or events (FRS 5).
Liabilities are obligations a company owes to parties outside the company.
what a business owes. They are broadly divided in the balance sheet into short term (current liabilities) and long term (capital).
Obligations or debts owed by a business to its creditors.
Obligations of a person or company that arise out of a course of action, the custody of ownership and/or the conduct of business.
The debts and financial obligations of a company either current (payable within one year) or long-term (payable after one year) such as salaries, taxes and money owed. The concept also applies to pension plans and reflects the benefit promises of the plan (i.e. future pension payments).
Basically, liabilities are debts that you have and the regular outgoing payments that you make.The reason you must show your bank statements is usually to help the underwriters identify anything in your current expenditure that may impinge upon your ability to repay the loan. They want to know about any other mortgages, debts, credit cards, HP agreements, loans, overdraft facilities, maintenance and court orders. You will normally have to show three to six months worth of bank statements to help demonstrate that the figures you provide them with are accurate.
These are debts that a person or an organisation owes.
Amounts an agency owes to another entity which are incurred in the course of doing business. Liabilities include items such as accounts payable, borrowings and employee entitlements.
All claims against a corporation which include salaries, wages, dividends declared payable and accrued taxes payable.
The aggregate of all debts and other legal obligations.
The amount required by the plan to cover the cost of paying current and future pension benefits.
Current liabilities include accounts payable, notes payable, taxes payable, and current portion of long-term debt. Long-term liabilities include long-term debt. ( Motor Carrier Financial & Operating Information )
With respect to an insurance company's liabilities, the company's immediate or contingent policy obligations, unpaid claims, funds left under settlement options, assigned surplus, and miscellaneous debts.
A company's debts and future obligations. For an insurance company, liabilities include amounts owed to creditors and the actual and expected claims of its policyowners and their beneficiaries.----------[ Back
money that a company will have to pay to someone else - bills, taxes, debts, interest and mortgage payments, etc.
A claim on the assets of a company or individual to satisfy a debt.
Debts or creditors' claims that a firm owes on the day the balance sheet is prepared.
The sum of accounts payable, short-term debt, accrued expenses and other current liabilities. This number ought to be smaller than total current assets.
A company's debts to a lender, a supplier of goods and services, a tax authority, a landlord, and others.
The debt for which a charity is legally responsible. Liabilities include mortgages, loans, and other items payable.
debt(s) of the business that must be repaid at a future date. Short-term debts such as bank overdrafts, creditors etc. which are expected to fall due during the accounting period, normally one year.
Probable future sacrifices of economic benefits, arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events. The term does not include encumbrances.
What you owe. For example: taxes, mortgages, car loans and credit card balances.
Responsibility for unpaid debts.
Debts owed to a person or company. For example, the amount you owe on your credit card, to friends or to the bank.
Amounts owed, or the legal claims against a business or household by nonowners.
Values in monetary terms provided by creditors outside the business. A measure of their interest in the business, because the company owes them.
A general term encompassing all types of debts and obligations.
Financial obligations (car payments, child support, loans, credit cards, etc.)
Loans, debts, or other obligations ie a car loan, personal loan, child maintenance payments etc with a regular (usually monthly) payment.
Debts held by an individual.
Debts, such as credit card charges, installment loan balances, and real estate mortgages.
anything that is owed to someone else
These are the things that your company owes to others: accounts payable, credit card debt, mortgages, etc.
All the debts of a corporation, partnership, or individual; one part of the balance sheet. Liabilities include short-term or current liabilities (such as accounts payable, short-term debts, income and other taxes due, and the amount of long-term debt that must be paid within twelve months) and long-term liabilities (which include long-term debts and deferred income taxes). On a balance sheet, liabilities are subtracted from assets — what remains is the shareholder's equity, or ownership in the business.
An obligation to pay for assets or goods or services acquired, or to repay borrowed funds.
Something owed to another party, be it money, or property, or anything.
Debts or legal obligations to pay owned by a person or legal entity.
The debts of an individual. (Contingent liabilities are liabilities which will be incurred if certain circumstances eventuate.)
Anything that an individual owes. This includes credit card balances, college loan balances, automobile note balances, mortgage balances, and any other type of personal loan.
Debts owed by a company or individual
Loans and other debts that you or the business must pay.
Future sacrifices of economic benefits that an entity is presently obliged to make to other entities as a result of past transactions or other past events.
Refers to a person's outstanding financial obligations which may infringe on a person's ability to pay.
Amounts which a pension scheme has an obligation to pay now or in the future. The amounts may not be immediately ascertainable and some liabilities may be dependant on the occurrence of future events.
Debts or obligations to be repaid.
Things owed by one individual to another individual. Debts are examples of liabilities.
Liabilities are all of a company's financial obligations that have a negative value.
any obligations by which an organization is bound to pay a sum expressed in dollars, or having to give up some asset having a monetary value. Local unions obligations or debts.
Outstanding claims against a corporation such as salaries and taxes.
Items that are owed.
Anything that the borrowers owe and are responsible for repaying.
Obligations used to fund the operations of a business, including bank loans, accounts payable, and accrued expenses.
The debts of the organization, for example, accounts payable, unpaid employee salaries and vacation leave, and loans.
Remaining debts and mortgages, as they apply to the administering of an estate.
Monies owed, debt and other financial obligations of a person
the dollar value of what the business owes to parties other than the owner
The level of debt and other financial obligations that a company has
The obligations of a business; claims by others that will reduce the future assets of a business or require future services or products.
Amounts owed by a business to third parties including suppliers, banks, tax authorities and employees. Click here to go back to the top of the page
Describes accounts recording how much you owe to others. Includes accounts payable, payroll tax and benefits liabilities, short term loans or notes, and long term loans or notes.
the debts owed by the business. The state of being financially obligated to creditors.
Amounts owed by a person, family, or business everything owed to others.
Debt owed by the company such as bank loans or accounts payable.
An individual's outstanding debts. Typical personal liabilities include home mortgages, credit card debt, car loans and student loans.
Amounts payable to third parties and shown on the right-hand side of a Swiss balance sheet. The total of liabilities and equity is equal to total assets. Synonym: Debts.
The debts of a person or business.
Debts or anything owed to another person or party. Liabilities include credit card balances, mortgages, auto loans, etc.
Debts or obligations due.
Liabilities are the debt a company owes.
A person's debts and other financial obligations.
Any outstanding claims against a business, including accounts and salaries, tax, mortgage bonds, bank loans etc.
Debts owed by the business. See "Current Liabilities" and "Long-Term Liabilities."
In insurance terms, an obligation of one party to another for damages made resulting in personal injury and/or damages to a person's property and/or other assets
Liabilities are the debts of the deceased that will need to be settled from their estate.
An organization's pecuniary obligation or debt.
The debts and obligations of a company or an individual. Current liabilities are debts due and payable within one year. Long-term liabilities are those payable after one year. Liabilities are found on a company's balance sheet or an individual's net worth statement.
Any financial obligations a retailer incurs in operating a business.
A person's financial obligations. Liabilities include long-term and short-term debt, as well as any other amounts that are owed to others.
amounts of money that you owe to others, also known as debts
amounts owed by a company to others. Current liabilities are those amounts due within one year or less and usually include accounts payable, accruals, loans due to be paid within a year, taxes due within a year, and so on. Long-term liabilities normally include the amounts of mortgages, bonds, and long-term loans that are due more than a year in the future.
Debts; expenses and amounts of money owing.
All debts owed by a person, whether immediate or contingent.
Your outstanding debts or what you owe.
Debts or obligations owed by a person or entity.
These are the debts and obligations of a company. Current liabilities are debts due and payable within one year. Long-term liabilities are those payable after one year. Liabilities are found on a company's balance sheet. [Go to source
The amounts a company owes. Short-term liabilities include payments due to the Inland Revenue, to workers and to suppliers. Long-term liabilities include lease commitments and the amounts due to investors in the company's bonds.
Financial obligations or debt of an individual or a business, including unpaid taxes, salaries, accounts payable etc.
Your debts, for example, a car loan.
This includes bank overdrafts, loans taken out for the business and money owed by the business to its suppliers. Liabilities are included on the right hand side of the balance sheet and normally consist of accounts which have a credit balance. [Go to source
Monies owed by the business to outside parties.
Money owed to individuals, businesses, or institutions.
the financial responsibilities and obligations of an individual or firm such as debt, accounts payable, etc.
An insurance company's liabilities consist of its immediate or contingent policy obligations, unpaid claims, funds left under settlement options, assigned surplus, the miscellaneous debts.
Your debts. The amounts you owe on your mortgage, car payments, and even taxes are all liabilities.
debts and other amounts owed by the business to creditors.
Amounts owed by the company, such as money owed to creditors or its bank overdraft.
Liabilities are a company's debts of any kind.
Your debts and other monetary obligations.
The outstanding debts you owe.
this term refers to a person's debts.
A person's debts or financial obligations. Liabilities include long-term and short-term debt, as well as potential losses from legal claims.
Amounts which individuals and organisations are obliged to pay to others. Usually the principal liabilities of a superannuation fund are the benefits it has to pay its members or their beneficiaries.
Obligations of a business to pay cash or other economic resources in return for past or current benefits.
what is owed to others, all debts and mortgages etc.
The debts or obligations of a person.
Liabilities are obligations to pay or convey assets or provide other economic benefits in the future, based on past transactions. Liabilities are divided into current and non-current. Current liabilities are those obligations that will be satisfied within one year; non-current liabilities are those expected to be satisfied after one year of the balance sheet date.
A person's long-term and short-term financial obligations.
Future items that may become obligations under certain conditions. The obligations arise from past transactions or events.
Your personal debt, for example taxes, mortgages, car loans and credit card balances.
A list of debts owned.
The money you owe. Lien: A legal claim on a piece of property until the debt or obligation is satisfied.
The dollar value of everything a company or individual owes including loans, bonds, future lease payments, and other debt.
a) Debts (plus, in the case of companies, dividends due to shareholders). Opposite of Assets; b) A stream of obligations (eg. pension payments).
The claims of those who have loaned to a company; debts
Debts of a business that have yet to be paid.
Debts of the business. Back to main document.
Everything an organization owes (e.g., rent, car payments, material fees, loan repayments, heat, telephone, electricity, etc.)
What the agency 'owes' (obligations to make payments or render services as a result of past transactions).
Amounts of money that are owed to others
A borrower's debt or other financial obligations.
An accounting classification that represents a company's monetary value for its current and future obligations. An insurer's liabilities consist primarily of limited debts and vast reserves for future contractual obligations.
Funds required for payment of future claims and expenses, including Asset Valuation Reserve (AVR)
Your liabilities are your debts, or what you owe. When applying for a loan, lenders will want to know about your liabilities such as existing home loans, personal loans, hire purchases, credit card limits etc.
Amounts set aside to pay future obligations or guarantees; for example, life insurance claims.
money and anything else owed.
Debts or monetary obligations
The accounting term for what a company owes (all cliams against a company).
Financial obligations or debt, claims or potential loss.
What you owe, including taxes, mortgage, car loan and credit card balances.
The amount of debts a person owes
Liabilities represent amounts owed by a business to the third-party providers of finance other than the equity shareholders. The main examples of liabilities include trade creditors (suppliers who sell goods to the business on credit) and bank loans and overdrafts. Liabilities that are due to be repaid within one year are shown in the balance sheet under the heading “Creditors due within one year. Similarly, liabilities that are not due for more than one year are separately disclosed.
Obligations of a company or organization. Amounts owed to lenders and suppliers. Liabilities often have the the word "payable" in the account title. Liabilities also include amounts received in advance for a future sale or for a future service to be performed. To learn more, see Explanation of Balance Sheet. To Top
Everything a firm owes.
A borrower's debts and financial obligations.
Accountacy jargon for everything that a company owes.
All the claims by creditors against a corporation. Liabilities include accounts payable, wages and salaries payable, dividends declared payable, accrued taxes payable, and fixed or long-term liabilities such as mortgage bonds, debentures and bank loans.
The money which a business owes in the forms of loans, hire purchase agreements, trade suppliers, tax etc.
Outstanding debts of an individual. Mortgages, loans, credit card balances.
What the borrowers owe.
Liabilities are financial obligations, debts, or claims that a company owes.
Outstanding debts or obligations.
All the claims against a corporation. Liabilities include accounts, wages, and salaries payable; dividends declared payable; accrued taxes payable; fixed or long-term liabilities, such as mortgage bonds, debentures and bank loans. (See: Assets, Balance Sheet)
Debts owed by a business, e.g. creditors, bank overdraft, mortgage.
These are outstanding obligations of a business. They include debts and claims of creditors against the assets of the business.
Your liabilities consist of everything you owe to others.
What your business owes creditors. Liabilities are balance sheet accounts. Examples are accounts payable, payroll taxes payable, and loans payable.
The debts of a company and other financial obligations; the opposite of Assets.
Financial obligations including short and long-term debt.
Someone's debts or obligations.
Your debts and other financial obligations.
The amount that you owe to a creditor. For example, credit card balance, line of credit balance, personal loan, car loan, etc.
Claim on the assets of a company - excluding ownership equity. Characteristics: (1) It represents a transfer of assets or services at a specified or determinable date. (2) The firm has little or no discretion to avoid the transfer. (3) The event causing the obligation has already occurred.
Obligations measurable in monetary terms that represent amounts owed to creditors, governments, employees, and other parties.
The debts of a company and claims against it; the opposite of assets.
Liabilities refers to the sum of all outstanding debts in which a company or individual owes to it's debtors.
All the outstanding claims for money against a corporation: accounts payable, wages and salaries, dividends declared payable, accrued taxes, fixed or long-term liabilities such as mortgage bonds, debentures, and bank loans. (See Assets; Balance Sheet; Equity)
Amounts owed by a business. In a balance sheet, current liabilities are those which must be met within one year from the balance sheet date. Bank overdrafts are normally shown as current liabilities because they are normally repayable on demand.
All debts or amounts owing by a company in the form of accounts payable, loans, mortgages and long-term debts.
Money that a company owes for things. Like assets, they can be short or long term, based on when they will be paid off. Liabilities can either be accounts payable or loans.
Opposite of assets – i.e. debts. In the case of pension funds, a stream of obligations (pension payments).
The amount owed by a business or an individual, excluding ownership equity. There are two types of liabilities: Current and Long-term. Current are debts which must be paid within one year (such as accounts receivable, dividends, notes payable, bank loans payable, taxes payable, wages and long-term debt due within one year). Long-term liabilities, also called funded debt, are debts that are not due until after a year's time.
Money owed or expected to be owed. Insurance company financial statements, for instance, show assets and liabilities.
Debts and legal obligations. Liabilities can limit the amount of credit you can use.
What the borrower owes.
An obligation of one party to another for damages resulting from the actions of another.
How much the company owes. Current liabilities are those due within one year. Long-term liabilities are due after one year.
Debts and outgoing payments that you are legally responsible to pay.
the debts owed by an individual or a company
The claims against a corporation, including, but not limited to, accounts payable, salaries payable, dividends declared payable, debenture bonds, and bank loans.
Debts, financial obligations; drawbacks
The debts or obligations that a company has that it will have to pay in the future
An individual's financial obligations
An accounting/financial term (balance sheet classification of accounts) representing debts or obligations owed by a company to creditors. Liabilities may have a short-term time horizon, such as accounts payable, or a longer-term obligation, such as mortgage payable or bonds payable. See: assets, balance sheet, debt, owner's equity.
A list of debts owed.
Claims against the assets of an individual or a corporation. Something that is owed.
The amount of debt owed by a person or business.
A legal obligation/outstanding debts.
Debts and financial obligations, incurred but unpaid.
The value of claims on the assets of a business by the various suppliers of funds to it.
A borrower's debts and legal obligations.
These include both the decommissioning of nuclear power stations and other facilities, and the treatment, storage and eventual disposal of spent fuel and associated nuclear waste.
The costs involved in: decommissioning; the processing, long term management, storage and final disposal of waste materials and spent fuel; and the environmental remediation of nuclear sites.
The value of things owned by a business.
Debits of a business that have yet to be paid.
Total liabilities is the sum of your Short Market Value plus your Debit Balances from the prior trading day. Short Market Value is the market value of short positions held in your short account as of the prior day's market close. Increases in this figure mean that positions you have sold short are moving against you, or up. Each Monday, your short account will be marked to the market. The Short Market Value of the account is used to recalculate the proper level of collateralization to secure the short positions in the account. The Debit Balance reflects the closing debit balance as of the close on the prior trading day.
Costs which may be incurred after the sale of a business. They are either transferred to the purchaser or retained by the state.
A broadly defined term implying legal or financial responsibilities to others.
Insurance cover against accidents.
Liability