liabilities

/ ˌlaɪəˈbɪlɪtɪz /

plural noun

1. accounting business obligations incurred but not discharged and entered as claims on the assets shown on the balance sheet Compare assets

Example Sentences

However, the responsibility of any taxpayer for reporting their tax returns and settling their liabilities rests ultimately on themselves alone.

From BBC

The liquidation order came after the company was unable to offer a workable plan to shed billions of dollars of overseas liabilities.

From BBC

Tati Simonian, spokesperson for the city, said Santa Monica’s financial woes have been “compounded by unprecedented legal liabilities, potential tariffs and funding uncertainty from shifts in federal government policies.”

From Los Angeles Times

What if L.A.’s so-called flaws — its low density, car culture and decentralized sprawl — weren’t liabilities in a changing world, but underappreciated assets?

From Los Angeles Times

Last month, Szabo’s office released a document on the city’s investor website outlining potential liabilities facing the city, including some related to the 2028 Games.

From Los Angeles Times

Related Words

• damage 
• inconvenience 
• involvement 
• loan 
• mortgage 
• obligation 
• responsibility