Liability examples are listed below: Credit Debt (Visa, MasterCard, department store charge cards) Installment Debt (bank loans, auto loans, boat loans, etc) Real estate loans Pledges, personnel notes, etc.
is the total amount owed as of a certain date. Try not to confuse liabilities with expenses. Expenses are the costs of doing business, while liabilities are accrued expenses - expenses that have added up over time. For example, a mortgage balance is a liability, but monthly mortgage payments are expenses. Expenses show up on an Income Statement while liabilities show up on a Balance Sheet.
All short and long term obligations expected to be satisfied by the company. It includes current liabilities, long term debt, provision for risk and charges (non-US corporations), deferred taxes, deferred income, other liabilities, etc, and excludes minority interest, preferred stock equity, common stock equity, non-equity reserves.