liability

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Liability

A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation.

liability

An obligation to pay an amount in money, goods, or services to another party. The balance sheet lists the liabilities. Also called debt. Compare asset. See also contingent liability, current liability.

Liability.

In personal finance, liabilities are the amounts you owe to creditors, or the people and organizations that lend you money. Typical liabilities include your mortgage, car and educational loans, and credit card debt.

When you figure your net worth, you subtract your liabilities, or what you owe, from your assets. The result is your net worth, or the cash value of what you own.

In business, liabilities refer to money a company owes its creditors and any claims against its assets.

liability

a claim on the resources of an individual or business in respect of monies borrowed. A liability is thus a form of DEBT, for example a bank overdraft or LOAN, a building society MORTGAGE. See ASSET, BALANCE SHEET.

liability

a claim on the resources of an individual or business in respect of monies borrowed. A liability is thus a form of DEBT, for example, a bank overdraft or LOAN, a building society MORTGAGE. See ASSET, BALANCE SHEET.

liability

(1) A debt or obligation. (2) A potential loss,such as a poorly trained,poorly supervised real estate agent who may be a liability.

References in periodicals archive ?
Principles of laboratory assessment of drug abuse liability and implications for clinical development.
These contract wins further reinforce our decision to focus on clinical trials that deal with Human Abuse Liability and drug characterization and safety," said Chief Executive Nick Kerton in a statement.
Our extensive experience in conducting pain and substance abuse trials has led to our recognized ability to execute Human Abuse Liability trials.
morphine sulfate extended-release tablets) through both oral and intranasal routes of abuse are being presented this week based on the results of Category 3 oral human abuse liability (HAL) and intranasal HAL studies.
The authors concluded that bupropion might be of some abuse liability.
As chief operating officer, Craig-Rodriguez will play a key role in strengthening our core areas of inpatient and outpatient psychiatry, and will lead the company's strategic growth plan in the areas of pain, human abuse liability, psychiatry, neurology and diabetes.
IMPORTANT SAFETY INFORMATION WARNINGS: POTENTIAL FOR ABUSE and IMPORTANCE OF PROPER PATIENT SELECTION Lazanda(R) contains fentanyl, an opioid agonist and a Schedule II controlled substance, with an abuse liability similar to other opioid analgesics.
Because of mesolimbic activation, however, their abuse liability is substantial.
CRI Lifetree, a leader in specialized early stage research with particular expertise in pain, human abuse liability, psychiatry, neurology and diabetes, is among the facilities awarded the NIH research grant.
Met primary endpoint of reduced drug liking of Egalet-001 compared to MS Contin in intranasal human abuse liability study;
LAS VEGAS -- After exposure to various dose levels of oxycodone over 6 hours, patients had liking and wanting ratings no different from placebo 24 hours later, according to results from a study designed to characterize the drug abuse liability of oxycodone in non-drug-abusing volunteers.