Liabilities
Key Facts
Abbreviation
L
Pronunciation
/ˌlaɪəˈbɪlɪtiz/
Category
Business
Related Field
Accounting
Examples in Context
- This new ministry was being created with zero assets and zero liabilities.
- If your liabilities exceed your assets, you may go bankrupt.
- Those who hide the truth of accident shall be prosecuted for criminal liabilities.
- The accounting equation reflects the relationship among assets, liabilities, and owner's equity.
- Short-term Capital : It records the net changes in international assets and liabilities.