Revision as of 01:21, 13 May 2013 editEdward Vielmetti (talk | contribs)Extended confirmed users3,713 editsm Reverted edit(s) by 193.62.51.5 identified as test/vandalism using STiki← Previous edit | Revision as of 08:15, 25 May 2013 edit undoGregbard (talk | contribs)Extended confirmed users, Pending changes reviewers90,738 edits Category:Liability using AWBNext edit → | ||
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Revision as of 08:15, 25 May 2013
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:
- 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 two months
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