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liabilities
Babylon English English dictionaryDownload this dictionary
liabilities
n. financial obligations recorded in the balance sheet of a business; debts of a company or of a person; damages that can be caused by an unanticipated release of contaminating substances into the environment (Envirionmental Protection)
 
liability
n. financial obligation; debt; responsibility, obligation; disadvantage, handicap; likelihood

Wikipedia English The Free EncyclopediaDownload this dictionary
Liability (financial accounting)
In financial accounting, a liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. A liability is defined by the following characteristics:
  • Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time;
  • A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand;
  • A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and,
  • A transaction or event obligating the entity that has already occurred.

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WordNet 2.0 DictionaryDownload this dictionary
liabilities
Noun
1. anything that is owed to someone else
(antonym) assets
(hypernym) possession
(hyponym) tax liability

 
liability
Noun
1. the state of being legally obliged and responsible
(hypernym) susceptibility, susceptibleness
(hyponym) taxability
2. an obligation to pay money to another party
(synonym) indebtedness, financial obligation
(hypernym) obligation
(hyponym) limited liability
3. the quality of being something that holds you back
(antonym) asset, plus
(hypernym) bad, badness
(hyponym) weak point


Babylon English-CzechDownload this dictionary
liability
n. právní odpovědnost; finanční závazek; ručení; přítěž; břemeno

Babylon English-PolishDownload this dictionary
liability
Rzecz. odpowiedzialność; problem; ciężar

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