Liabilities

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • arrears
  • financial liabilities
  • financial obligations
  • obligations
  • debts

Definition of Liabilities

  1. A borrower's debts and legal obligations.

Related Terms and Acronyms

  • Issuer Definition,
    • A legal entity that develops, registers, and sells securities including stocks, bonds and derivatives.
  • Solvency Definition,
    • To be able to meet one's financial liabilities in the short or long term.
  • Credit Rating (CR) Acronym, Very Important,
    • A judgement of a person's ability to repay debts. The rating is often based on a person's current and projected income and past debt payment history. Also called a credit score.
    A metric to measure the credit worthiness of a debtor.
  • Debt Consolidation Definition,
    • The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. It's also called a consolidation loan. CanEquity has access to Canada's best debt consolidation products, for more info about debt consolidation see our debt consolidation page.
  • Leverage Definition,
    • The use of a small amount of cash and a large loan to buy something.
  • Debt Definition,
    • Money one person or firm owes to another person or firm.
  • Netting Definition,
    • The offsetting with a counter-party of financial obligations or payments one is owed with those one is entitled to receive, thus reducing the costs arising out of payment settlements. Netting is also used as a risk management tool to help counter-parties reduce their exposure to credit risk.
  • Caveat Definition,
    • A charge or instrument placed on land title.
    • To give warning, notice or caution; beware.
  • Conditional Reserves Definition,
    • Reserves that are considered liabilities.
  • Protected Cell Company (SPC) Acronym,
    • A company that separates its assets and liabilities into a number of 'cells' to shield itself and each 'cell' from losses.
  • Tax Liability Definition,
    • The total amount of tax you owe.
  • Long-term Liabilities Definition,
    • Money owed over a period longer than 12 months, such as mortgages, bank loans, and other obligations.
  • Acid-Test Ratio Definition,
    • A ratio that determines the liquidity of a company without requiring the company to sell assets or inventory.
  • Short-term Liabilities Definition,
    • Money that you have to pay in less than 12 months, including wages, short-term loans, taxes, credit card balances and long-term loans.
  • Credit Report (CR) Acronym, Very Important,
    • A report on a loan applicant's willingness and ability to make payments in a timely manner in the past. This report is provided to the bank by an outside agency.
    A report that outlines the credit worthiness of an individual or entity.
  • Sub Account Definition,
    • A separate financial account used to keep track of a department's finances.
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