Define: Liabilities

UK Accounting Glossary

Definition: Liabilities

Quick Summary of Liabilities

Obligations of an entity to transfer economic benefits as a result of past transactions or events.

What is the dictionary definition of Liabilities?

Dictionary Definition

Full Definition of Liabilities

Liabilities FAQ's

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Liabilities. Payroll & Accounting Heaven Ltd. July 17, 2019
Chicago Manual of Style (CMS):
Liabilities. Payroll & Accounting Heaven Ltd. (accessed: July 17, 2019).
American Psychological Association (APA):
Liabilities. Retrieved July 17, 2019, from website:

Definition Sources

Definitions for Liabilities are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.