liabilities

/ ˌlaɪəˈbɪlɪtɪz /

plural noun

1. accounting business obligations incurred but not discharged and entered as claims on the assets shown on the balance sheet Compare assets

Example Sentences

Then again, caution carries its own political liabilities.

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Earlier this month, the Burbank-based nonprofit filed for Chapter 7 bankruptcy in Delaware court, saying it had $284,823 in liabilities, which include staff member salaries, insurance payments and credit card debt.

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To make sense of where the economy might be headed, MGI constructed a “global balance sheet” of the world’s assets and liabilities.

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In Montana, patients will be required to provide consent that they reviewed other FDA-approved treatment options, received a provider’s recommendation and fully understand the potential risks, benefits and financial liabilities.

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In one such deal last year, insurer Manulife Financial transferred $10 billion of liabilities, including long-term care policies issued by its U.S.

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Related Words

• damage 
• inconvenience 
• involvement 
• loan 
• mortgage 
• obligation 
• responsibility