liabilities
Definitions
The state of being responsible for something, especially by law.
Financial debts or pecuniary obligations that a person or company is required to pay.
A person or thing whose presence or behavior is likely to cause embarrassment or disadvantage.
Examples
The company's total liabilities exceeded its assets, leading to a declaration of bankruptcy.
Before signing the contract, you should carefully review all potential legal liabilities.
He realized that his lack of experience and poor communication skills were significant liabilities in his new role.
Synonyms
debts obligations arrears encumbrances dues commitments indebtedness