| || InvestHub.com's |
Finance Dictionary and Glossary of Investment Terms
A legal debt or obligation estimated via accrual accounting.
A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation.
A financial obligation, debt, claim, or potential loss.
The opposite of an asset, a liability is an obligation to pay. Thus, short-term debt, long-term debt and certain other obligations appear as liabilities on a company''s balance sheet.