| liability |
An amount owed; an obligation of a company or entity that must be settled in the future by transfer of assets, provision of services, or assignment of future economic benefit, it is the result of a past transaction.
Ãâó: www.theaccountspayablenetwork.com/html/modules.php
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| liability |
The amount owed to another by a business or an individual. Characteristics: 1) represents a transfer of assets or services at a specified or determinable date; 2) the firm or individual has little or no discretion to avoid the transfer; 3) the event causing the obligation has already occurred. Liabilities are often divided into classes: short-term that are due to be paid in less than one year, and long-term that are due to be paid over a period of more than one year. ...
Ãâó: www.faststart.state.ri.us/bfs_glossary.html
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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.
Ãâó: www.clrfn.com/extras/glossary/exglostext.html
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| liability |
Legal responsibility for an act or failure to act.
Ãâó: www.library.yale.edu/~llicense/definiti.shtml
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| liability |
Liability is another word for Fault. To succeed in a claim for compensation you must prove that someone else is liable (at fault or negligent)
Ãâó: www.accident-compensation.adopto-finance.com/gloss...
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