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nounanything that is owed to someone elsetype of:
Definition that contains liabilities
- charge financial liabilities (such as a tax)
- estate everything you own; all of your assets (whether real property or personal property) and liabilities
- settlement termination of a business operation by using its assets to discharge its liabilities
- deficit an excess of liabilities over assets (usually over a certain period)
- proprietary an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits
- liquidation termination of a business operation by using its assets to discharge its liabilities
- proprietorship an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits