liabilities
/ˌlaɪəˈbɪlətiz/
noun
- Financial debts or obligations that a person or company owes.
- When buying a house, you take on liabilities like the mortgage and property taxes.
- The company's liabilities exceeded its assets, so it had to declare bankruptcy.
- The accountant listed all current liabilities, including unpaid bills and loans.
- Things or people that cause disadvantage or trouble.
- His lack of experience was a major liability for the team.
- In a group project, a lazy member can be a serious liability.
- The old equipment became a liability because it kept breaking down.
Antonyms