liabilities

Meanings

• noun

  The amount of debt or other obligations that a person or organization owes to others.

  - "The company's liabilities include accounts payable and long-term debt."
  - "Her liabilities exceeded her assets, making her insolvent."

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Antonyms

asset

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Rhymes

Words rhyming with liabilities
abilities , responsibilities

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Variants

List of all variants of liabilities that leads to same result
liabilities , liability , limited liabilities , limited liability

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Etymology

origin and the way in which meanings have changed throughout history.

From Latin liability, meaning 'prone to' or 'likely', from ligare 'to bind'. In finance, liabilities represent obligations that bind a company or individual to pay a certain amount of money.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Liabilities are typically reported on a company's balance sheet.

2. Individuals and organizations can have both current and long-term liabilities.

3. Liabilities can be classified as either 'operating' or 'non-operating'. Operating liabilities are incurred in the normal course of business, while non-operating liabilities are not directly related to the company's primary business activities.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. assets: The opposite of liabilities, representing the resources or value that a person or organization owns.

2. debt: A specific type of liability, representing money owed to others.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature and art, liabilities can represent the burdens or debts that individuals or societies must bear. For example, in F. Scott Fitzgerald's The Great Gatsby, the characters' financial and moral liabilities contribute to the novel's themes of excess and disillusionment.

How to Memorize "liabilities"

1. visualize
   

   - Visualize a scale with assets on one side and liabilities on the other. To memorize the definition, remember that liabilities represent obligations or debts that bind a person or organization.

2. associate
   

   - Associate the word with the concept of debt or obligations. For example, think of the word 'owed' when you hear 'liabilities'.

3. mnemonics
   

   - Create a mnemonic using the acronym L-I-A-B-I-L-I-T-I-E-S: Legal, Indebtedness, Assets, Borrowing, Interest, Liens, Indemnity, Expenses, and Securities.

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Memorize "liabilities" using Dictozo

The best and recommended way to memorize liabilities is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

1. Highlighting:

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2. Periodic Reminders:

   Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.