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For example, if you owe or will owe money to anybody, that is one of your financial obligations. Almost any form of payment or financial security represents a financial obligation.
Examples of liabilities are - Bank debt. Mortgage debt. Money owed to suppliers (accounts payable) Wages owed. Taxes owed.
Right to Safety. Means right to be protected against the marketing of goods and services, which are hazardous to life and property. Right to be Informed. Right to Choose. Right to be Heard. Right to Seek redressal. Right to Consumer Education.
For most households, liabilities will include taxes due, bills that must be paid, rent or mortgage payments, loan interest and principal due, and so on.
/ˈlɑɪəbəl/ likely to do, happen, or experience something: If you dont take care of yourself, youre liable to get sick.
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Some examples of current liabilities that appear on the balance sheet include accounts payable, payroll due, payroll taxes, accrued expenses, short-term notes payable, income taxes, interest payable, accrued interest, utilities, rental fees, and other short-term debts.
The buyer of a futures or forward contract is taking on the obligation to buy and receive the underlying asset when the futures contract expires. The seller of the contract is taking on the obligation to provide and deliver the underlying asset at the expiration date.
Liability usually means that you are responsible for something, and it can also mean that you owe someone money or services. For example, a homeowners tax responsibility can be how much he owes the city in property taxes or how much he owes the federal government in income tax.
Liabilities: The money you owe for the purchase of assetstangible things you will own when the liability is settled.
Some common examples of current liabilities include: Accounts payable, i.e. payments you owe your suppliers. Principal and interest on a bank loan that is due within the next year. Salaries and wages payable in the next year. Notes payable that are due within one year. Income taxes payable. Mortgages payable. Payroll taxes.

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