Legal Dictionary

liabilities

Legal Definition of liabilities

Derived terms


Definition of liabilities

Noun

liabilities

  1. Plural form of liability.
  2. (finance) An amount of money in a company that is owed to someone and has to be paid in the future, such as tax, debt, interest, and mortgage payments.

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



SHARE THIS PAGE

TOP LEGAL TERMS THIS WEEK
1.     lex situs
2.     landed property
3.     buggery
4.     lex fori
5.     lex causae
6.     AORO
7.     lex loci delicti commissi
8.     status quo
9.     Doctor of Laws
10.     Miranda warning