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| Definitions by InvestorWords.com |
| What is...? |
| liability A financial obligation, debt, claim, or potential loss. see also asset/liability management, assumption, contingent liability, cosigner, current liabilities, joint and several liability, limited liability, seller liability, accounting equation, book value, adjusted book value, affordability analysis, balance sheet, equity, matched maturities, net worth, noncurrent liabilities, other long term liabilities. |
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