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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Stressful life events, genetic liability, and onset of an episode of major depression in women.
The main adaptations to long-term leisure time physical activity are lowered resting and submaximal heart rates, even after partially or fully controlling for genetic liability and childhood environment.
genetic liability toward acquiring infections in patients with reduced cognitive ability.
First, they set the mean level of genetic liability. Second, they affect an individual's sensitivity to the impact of the environment.
As mentioned earlier, childhood behavioral phenotypes predictive of later ACID use and SUDS are more closely related to genetic liability and effects of parental ACID use than are behavioral phenotypes that emerge later in life.
"The underlying genetic liability for schizophrenia and bipolar disorder is similar, but in patients with schizophrenia environmental insults impair brain development that predisposes to psychosis.

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