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liability
(redirected from financial obligation)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.10 sec.

liability

In accounting, a financial obligation. Liabilities are placed alongside assets on a balance sheet to show the wealth of the individual or company concerned at a given date. Business organizations often distinguish between current liabilities such as overdrafts, trade credit, and provisions, and long-term liabilities such as debentures, mortgages, and unsecured loans.



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? Mentioned in ? References in periodicals archive
 
We consider the lack of transparency with respect to the government's strategy in dealing with the financial obligations of its GREs (government related entities) as creating significant uncertainty," S and P credit analyst Farouk Soussa said in the study.
Dubai state firms due to repay $50 bln: S and P by AFP / AFP Global Edition
The most significant financial obligation that a tenant struggles with in a receding economy is rent.
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Overdue financial obligations to the fund continue to impose a significant financial cost on the fund and its membership, the Washington-based lender said in the paper.
Sudan : Somalia, Sudan and Zimbabwe Have $2.09 Billion in IMF Arrears by TendersInfo
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