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Definition of Liabilities
1. Noun. Anything that is owed to someone else.
Language type: Plural, Plural Form
Specialized synonyms: Tax Liability, Payables, Deficit, Debt, Charge, Accounts Payable
Definition of Liabilities
1. Noun. (plural of liability) ¹
2. Noun. (finance) An amount of money in a company that is owed to someone and has to be paid in the future, such as tax, debt, interest, and mortgage payments. ¹
¹ Source: wiktionary.com
Definition of Liabilities
1. liability [n] - See also: liability
Lexicographical Neighbors of Liabilities
Literary usage of Liabilities
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Encyclopedia Americana: A Library of Universal Knowledge (1918)
"A second method is a|mc>st the reverse of the first, the assets and liabilities
running from the most current to between the two balance sheets. ..."
2. Principles of the English Law of Contract and of Agency in Its Relation to by William Reynell Anson (1906)
"The rights and liabilities of principal and agent inter se. 2. ... He must also
indemnify the agent for acts lawfully done and liabilities incurred in the ..."
3. 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping by James Williams Baker (1918)
"To Close the Accrued liabilities Account. This entry requires one debit and one
or more credits, according to the number of accounts affected. ..."
4. Merchants' Magazine and Commercial Review by William B. Dana (1853)
"liabilities OF STEAMBOATS. A case of some importance was recently tried at Cleveland
... That in order to create such liabilities on the part of a boat or ..."
5. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1888)
"... the court said that It made no discrimination against any railroad company in
its requirement; that each company was subject to the same liabilities, ..."
6. Thirty Years' View: Or, A History of the Working of the American Government by Thomas Hart Benton (1858)
"SPECIE BASIS FOE BANKS : ONE THIRD OF THE AMOUNT OF liabilities THE LOWEST ...
to the amount of their immediate liabilities in circulation and deposits. ..."
7. The Law of Contracts by Samuel Williston, Clarence Martin Lewis (1920)
"MARRIED WOMEN, CORPORATIONS Married women 264 Rights and liabilities under
contracts 265 Effects of attempted transfers 266 Modifications in equity 267 ..."
8. Publications by Mississippi Historical Society (1918)
"North Carolina—Debts and liabilities at the close of the war, ... debts and
liabilities January 1, 1872, about $2000000. Tennessee—Debts and liabilities at ..."
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