Definition of "liabilities" []

• Plural form of liability. (noun)
• 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. (noun)

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• "The $53 trillion in liabilities is like a mortgage balance: That's what it would cost to pay off the debt now."
• "Ironically, Jane Norton’s candidacy probably hurts this decision’s effectiveness, as one of her main liabilities is her tie to Referendum C & D."
• "Eyal Cohen, BOS CFO, said: "The previously announced conversion of our debt at a premium of 36% over the current share price, which is subject to shareholders' approval, will result in: (a) a reduction in our short term liabilities by $3 million, (b) an increase in our equity by $2.5 million, (c) a reduction in our annual finance expense that amounted to $360,000 in the first nine months of 2011, and (d) an expected $1.5 million non cash expense in the fourth quarter of 2011, due to the reduced conversion share price.""