# Liability (financial accounting) |  | In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. The value delivered to settle a liability may be in the form of assets transferred or services performed. | |-|-| | | wikipedia:: [Liability (financial accounting)](https://en.wikipedia.org/wiki/Liability_(financial_accounting)) |