liabilities
noun C1- An amount of money that is owed and has to be paid in the future, such as tax, debt, interest, and mortgage payments.
- The right side of a balance sheet.
From the library
The Englishman entered, and found Morrel seated at a table, turning over the formidable columns of his ledger, which contained the list of his liabilities.
“I will not,” continued he, after a moment’s silence, “conceal from you, that while your probity and exactitude up to this moment are universally acknowledged, yet the report is current in Marseilles that you are not able to meet your liabilities.”
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