General term for what the business owes.' liabilities' are long-term loans of the type used to finance the business and short-term debts or money owing as a result of trading activities to date, Long term liabilities, along with Share Capital and Reserves make up one side of the balance sheet equation showing where the money came from. The other side of the balance sheet will show Current Liabilities along with various Assets, showing where the money is now.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). liabilities. Retrieved September 21, 2026, from http://smartdefine.org/liabilities/definitions/1157152 |
| Chicago | Barry Goldsmith. 2010. "liabilities" http://smartdefine.org/liabilities/definitions/1157152 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, liabilities, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/liabilities/definitions/1157152>. |
| MLA | Barry Goldsmith. "liabilities" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/liabilities/definitions/1157152> |