aliases:
- Liability
tags:
- Type/Concept
- proto
from:
- "[[Personal Finance]]"
related:
contra:
to:
- "[[Finances]]"
dateCreated: 2024-01-05, 14:07
dateModified: 2024-01-05, 14:08
version: 1
publish: true
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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. |
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wikipedia:: Liability (financial accounting) |