# liabilities

Pronunciation: say "ly-uh-BIL-i-teez" /laɪəˈbɪlɪtiz/

## Noun

1. Amounts of money a company owes to others and must pay in the future, such as taxes, debts, interest, and mortgage payments.
   - Simple: Money that a company owes to others and has to pay later, such as taxes, loans and interest.
   - _The firm's liabilities, including a large bank loan and unpaid taxes, now exceed its assets._
   - _Investors grew nervous when the annual report showed liabilities climbing faster than revenue._
2. Plural of liability. — plural of liability
   - Simple: Plural of liability. Used for more than one duty, debt or problem.
   - _After the divorce, each of them took on half of the couple's liabilities, including the car loan._
   - _Weighing a candidate's strengths and liabilities, the committee decided to wait another year._
3. The right-hand side of a balance sheet, taken as a whole.
   - Simple: The whole right-hand side of a balance sheet.
   - _Once every entry was posted, assets and liabilities balanced to the cent._
   - _In this older layout the owners' capital is listed under liabilities, opposite the assets on the left._

Source: DictionaryAI, https://dictionaryai.com/define/liabilities (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).