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Topical Terminology > Liabilities



8 Definitions

Liabilities

For Liabilities we have terms and definitions in 8 topics. The topics are Auto Loan, Business, Fundraising, Health Insurance, Purchasing A Home, Real Estate, Sanitation and Securities.



Liabilities (Auto Loan)

Your debts. The amounts you owe on your mortgage, car payments, and even taxes are all liabilities.


Liabilities (Business)

Debt(s) of the business that must be repaid at a future date. Short-term debts such as bank overdrafts, creditors etc. which are expected to fall due during the accounting period, normally one year.


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Liabilities (Fundraising)

Claims on assets held, excluding ownership equity. For a foundation, payments outstanding for grants authorized and not yet paid or remaining grants to be paid over multiyear periods, are liabilities. See also:Balance Sheet, Equity, Payables


Liabilities (Health Insurance)

All debts and obligations of a company.


Liabilities (Purchasing A Home)

A person's financial obligations. Liabilities include long-term and short-term debt, as well as any other amounts that are owed to others.


Liabilities (Real Estate)

A person's financial obligations. Liabilities include long-term and short-term debt, as well as any other amounts that are owed to others.


Liabilities (Sanitation)

Debt or other legal obligation arising out of transactions in the past which must be liquidated, renewed or refunded at some future date. This term does not include encumbrances.


Liabilities (Securities)

All claims on the assets of an individual or corporation. Includes accrued payable amounts, long-and short-term debt, debentures, and notes. Does not include the ownership equity.




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