FINANCIAL OBLIGATION

Pronunciation (US): (GB):

Meaning:

An obligation to pay money to another party

Synonyms:

financial obligation; indebtedness; liability

Classified under:

Nouns denoting stable states of affairs

Hypernyms ("financial obligation" is a kind of...):

obligation (the state of being obligated to do or pay something)

Hyponyms (each of the following is a kind of "financial obligation"):

limited liability (the liability of a firm's owners for no more than the capital they have invested in the firm)

debt (the state of owing something (especially money))

arrears (the state of being behind in payments)

account payable; payable (a liability account showing how much is owed for goods and services purchased on credit)

scot and lot (obligations of all kinds taken as a whole)