Financing provided to a business by third parties other than shareholders. Major examples include trade creditors (suppliers who sell goods to the company on credit) and bank loans and overdrafts. Dresdner Kleinwort Wasserstein financial glossary
See also balance sheet. Dresdner Kleinwort Wasserstein financial glossary
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The accounting term for what a company owes (all claims against a company).
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Liabilities are debts arising from borrowing and credits used to finance assets.
► See also Assets.
Financial and business terms. 2012.