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

Possible additional curbs on liabilities to be studied could include limits on attorney fees, and economic and non-economic damages due to claims by insurers and public entities, as well as those outside fire zones.

From Los Angeles Times

Her father ran a haulage business in Strasbourg, France for many years but the company was liquidated in 2020 and had more assets than liabilities at the time.

From BBC

However, the responsibility of any taxpayer for reporting their tax returns and settling their liabilities rests ultimately on themselves alone.

From BBC

The liquidation order came after the company was unable to offer a workable plan to shed billions of dollars of overseas liabilities.

From BBC

Tati Simonian, spokesperson for the city, said Santa Monica’s financial woes have been “compounded by unprecedented legal liabilities, potential tariffs and funding uncertainty from shifts in federal government policies.”

From Los Angeles Times

Related Words

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