Revision as of 12:35, 14 July 2022 edit195.78.30.165 (talk) A definition of liabilityTag: Visual edit← Previous edit | Revision as of 00:07, 15 July 2022 edit undoLeschnei (talk | contribs)Extended confirmed users, Pending changes reviewers85,483 edits non-article entryNext edit → | ||
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== Finance == | == Finance == | ||
A liability is something that a person or company owes, usually a ] amount. Liabilities are settled over time by transferring economic benefits such as money, goods, or services. | |||
* ] a current obligation of an entity arising from past transactions or events | * ] a current obligation of an entity arising from past transactions or events | ||
** Accrued liabilities and ] | ** Accrued liabilities and ] |
Revision as of 00:07, 15 July 2022
Liability may refer to:
Law
- Legal liability, in both civil and criminal law
- Public liability, part of the law of tort which focuses on civil wrongs
- Product liability, the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause
- Professional liability for one's professional acts, as in professional liability insurance
Finance
- Liability (financial accounting) a current obligation of an entity arising from past transactions or events
- Accrued liabilities and contingent liability
- Current liability, or short-term liabilities are obligations that will be settled by current assets or by the creation of new current liabilities
- Non-current, or Long-term liabilities, liabilities with a future benefit over a certain period of time (e.g. longer than one year)
Arts and media
Film
- The Liability, a 2013 film
Music
- Liability (album), a 2015 album by Prof
- "Liability" (song), a song by Lorde from the 2017 album Melodrama
- "Liability", a song by Carly Pearce from the 2021 album 29: Written in Stone
- "Liability", a song by Drake from the 2022 album Honestly, Nevermind
- "Liability", a song by Fufanu from the 2017 album Sports
- "Liability", a song by Raleigh Ritchie from the 2016 EP Mind the Gap
- "Liability", a song by The Juliana Theory from the 2001 EP Music from Another Room
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