(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.
"You underestimate my ability to protect these liabilities, as you call them," he said, irritated with her words.
To national debts there has been added a great mass of municipal and local indebtedness, which seems likely to equal, or even exceed in magnitude the liabilities of the central governments.
A Board of Railroad and Warehouse Commissioners, elected by the people, was established in 1875, under a provision of the constitution requiring the General Assembly to establish maximum rates and provide against discriminations.4 The homestead of a housekeeper or head of a family, together with the rents and products of the same, is exempt from levy and attachment except to satisfy its liabilities at the time he acquired it.
Or, when one person is compelled by law to discharge the legal liabilities of another, he becomes the creditor of the person for the money so paid.
The Vienna Creditors' Association for the protection of claims in bankruptcies had in 1909- It fresh failures with liabilities of 45, 40 and 43 millions of kronen respectively.