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Liabilities

• All obligations of the business including current and long term liabilities

• Debts of a corporation, usually divided into current (those due within one year) and Long-Term Debt (those payable after one year).

 
 Embedded terms in definition
 Corporation
Debt
Long term liabilities
Long term
Long
 
 Referenced Terms
 A&l management: Is the analysis and management of the firm's assets and Liabilities or balance sheet items. Related to GAP or Bucket operations.

 Accounting equation: Assets = Liabilities + Owner's Equity

 Accounting insolvency: Total Liabilities exceed total assets. A firm with a negative net worth is insolvent on the books.

 Accounts payable: Money owed by a company and payable within one year. It is listed on the Balance Sheet under Current Liabilities.Short term Liabilities which reflect the amount owed vendors and suppliersMoney owed to suppliers.

 Accounts payable: Money owed by a company and payable within one year. It is listed on the Balance Sheet under Current Liabilities.Short term Liabilities which reflect the amount owed vendors and suppliersMoney owed to suppliers.

 
 Related Terms
 Current liabilities
Long term liabilities
Other long term liabilities
Rate sensitive liabilities
Spontaneous financing / spontaneous liabilities
Total assets = total liabilities + shareholders' equity

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