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Glossary Term: LIABILITIES

Definition(s) for LIABILITIES:


1. ) All claims against the assets of a corporation. Liabilities can include accounts, wages and salaries payable; dividends declared; accrued taxes; and fixed or long-term debt such as bonds and bank loans.


See Also:
CURRENT LIABILITIES, LONG-TERM LIABILITIES, OTHER LONG-TERM LIABILITIES, PENSION LIABILITIES, TOTAL LIABILITIES, CURRENT LIABILITIES, REGULATION F LIMITATIONS ON INTERBANK LIABILITIES, EXTINGUISMENTS OF LIABILITIES, SERVICING ASSETS AND LIABILITIES


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