Liabilities

Pronunciation: /ˌlaɪ.əˈbɪl.ə.tiz/

Definitions of liabilities

noun financial obligations or debts of a company or individual

Example Sentences

A1 Liabilities are things that you owe money for, like bills or loans.

A2 When managing a business, it is important to keep track of all the liabilities to ensure financial stability.

B1 Accountants are responsible for calculating and recording the company's assets and liabilities.

B2 Understanding the company's liabilities is crucial for making informed financial decisions.

C1 Analyzing the company's long-term liabilities can provide insights into its financial health and stability.

C2 Investors often look closely at a company's liabilities before deciding to invest in it.

Examples of liabilities in a Sentence

formal The company's balance sheet includes a detailed list of its assets and liabilities.

informal Make sure you understand your financial liabilities before making any big purchases.

slang I can't believe how many liabilities I have to deal with this month.

figurative Emotional baggage can be seen as a type of liability in relationships.

Grammatical Forms of liabilities

• plural: liabilities
• comparative: more liabilities
• superlative: most liabilities
• present tense: liabilities
• future tense: will liabilities
• perfect tense: have liabilities
• continuous tense: are liabilities
• singular: liability
• positive degree: more liabilities
• infinitive: to be liabilities
• gerund: liabilitiesing
• participle: liabilitied

Origin and Evolution of liabilities

First Known Use: 1601 year

Language of Origin: Latin

Story behind the word: The word 'liabilities' originated from the Latin word 'liabilitas', which is derived from the Latin word 'liabilis' meaning 'subject to a claim'.

Evolution of the word: Originally used in legal contexts to refer to debts or obligations, the term 'liabilities' has evolved to encompass a broader range of financial obligations and responsibilities in modern accounting and business practices.