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'''Liability''' may also refer in specific fields to: | '''Liability''' may also refer in specific fields to: | ||
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Revision as of 17:08, 25 January 2012
A liability can mean something that is a hindrance or puts an individual or group at a disadvantage, or something that someone is responsible for, or something that increases the chance of something occurring (i.e. it is a cause).
Liability may also refer in specific fields to:
Finance
- liability (financial accounting), a current obligation of an entity arising from past transactions or events
- Accrued liabilities and contingent liability
- Current liability
- Long-term liabilities
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