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== Finance == | == Finance == | ||
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* ]Barrowing money or cash from any person or from organization to improve business or increase assets which owner of company have to pay back after some time | ||
* Accrued liabilities and ] | * Accrued liabilities and ] | ||
* ] | * ] |
Revision as of 12:03, 25 September 2014
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)Barrowing money or cash from any person or from organization to improve business or increase assets which owner of company have to pay back after some time
- Accrued liabilities and contingent liability
- Current liability
- Long-term liabilities, liabilities with a future benefit over two months
Other uses
- The Liability, 2013 film
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