LIABILITIES

Pronunciation (US): (GB):

Meaning:

Anything that is owed to someone else

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("liabilities" is a kind of...):

possession (anything owned or possessed)

Domain usage:

plural; plural form (the form of a word that is used to denote more than one)

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

tax liability (the amount of tax owed; calculated by applying the tax rate to the tax base)

payables (money that you currently expect to pay on notes and accounts)

deficit (an excess of liabilities over assets (usually over a certain period))

debt (money or goods or services owed by one person to another)

charge (financial liabilities (such as a tax))

accounts payable (a debtor's accounts of money he owes; normally arise from the purchase of products or services)