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liabilities

DEFINITIONS OF: liabilities

1

n anything that is owed to someone else

Types:
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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)
debt
money or goods or services owed by one person to another
charge
financial liabilities (such as a tax)
accounts payable
a debtor's accounts of money he owes; normally arise from the purchase of products or services
levy
a charge imposed and collected
budget deficit
an excess of expenditures over revenues
trade deficit
an excess of imports over exports
arrears
an unpaid overdue debt
national debt
the debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions)
public debt
the total of the nation's debts: debts of local and state and national governments; an indicator of how much public spending is financed by borrowing instead of taxation
debt ceiling, debt limit
the maximum borrowing power of a governmental entity
bad debt
a debt that is unlikely to be repaid
installment debt
debt to be paid by installments
loan
the temporary provision of money (usually at interest)
principal
the original amount of a debt on which interest is calculated
encumbrance, incumbrance
a charge against property (as a lien or mortgage)
assessment
an amount determined as payable
score
an amount due (as at a restaurant or bar)
Type of:
possession
anything owned or possessed
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