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.
It may be preferred in alcohol-dependent patients, given its lack of abuse liability (19) and preliminary evidence of decreased melatonin levels in alcoholic patients.
The Committee considered additional data regarding its abuse liability and toxicity and recommended that a new critical review of GHB would be appropriate and its possible rescheduling should be considered.
These findings indicate that the ability of alcohol to stimulate dopamine release may play an important and complex role in its rewarding effects and abuse liability in humans.
In a study designed to address possible abuse liability associated with p.r.n.
3rd Human Abuse Liability & Abuse Deterrent Formulations
M2 EQUITYBITES-August 11, 2014-Neurovance completes enrolment in human abuse liability study of centanafadine
On 26 June, Cambridge Cognition Holdings PLC declared that it is positive of meeting full-year expectations, following it succeeded deals with various pharmaceutical firms for eight human abuse liability studies, worth approx.
Fentanyl is a prescription medication and is currently listed as a Schedule II controlled substance due to its high abuse liability. Intravenous fentanyl is generally used in a hospital setting to initiate rapid anesthesia.
In a study designed to address possible abuse liability associated with PRN use of the drug, 75 outpatients received zolpidem and 71 patients received placebo; all were assessed for latency to sleep onset after MOTN dosing across a 4-week treatment period.
The authors concluded that bupropion might be of some abuse liability.