liabilities

Definitions of liabilities

1. noun

   anything that is owed to someone else
   types:

   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