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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). | 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: |
'''Liability''' may also refer in specific fields to: '''Bold text'''''''''Jordan Faulkiner Has an empty box of cookie crisp on his bed.'''''''''Bold text''' | ||
* ], the legal bound obligation to pay debts | * ], the legal bound obligation to pay debts | ||
* ], part of the law of tort which focuses on civil wrongs == Finance == | * ], part of the law of tort which focuses on civil wrongs == Finance == |
Revision as of 21:51, 14 September 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: Bold text''''Jordan Faulkiner Has an empty box of cookie crisp on his bed.''''Bold text
- legal liability, the legal bound obligation to pay debts
- public liability, part of the law of tort which focuses on civil wrongs == 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, liabilities with a future benefit over one year
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