Definition of liabilities

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Liabilities (pl. ) of Liabilit.

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Corporate :: Corporate (a.) Formed into a body by legal enactment; united in an association, and endowed by law with the rights and liabilities of an individual; incorporated; as, a corporate town..
Expatriate :: Expatriate (v. t.) Reflexively, as To expatriate one's self: To withdraw from one's native country; to renounce the rights and liabilities of citizenship where one is born, and become a citizen of another country..
Incorporate :: Incorporate (v. t.) To form into a legal body, or body politic; to constitute into a corporation recognized by law, with special functions, rights, duties and liabilities; as, to incorporate a bank, a railroad company, a city or town, etc..
Contraction :: Contraction (n.) The act of incurring or becoming subject to, as liabilities, obligation, debts, etc.; the process of becoming subject to; as, the contraction of a disease..
Liabilities :: Liabilities (pl. ) of Liabilit.
Pooling :: Pooling (n.) The act of uniting, or an agreement to unite, an aggregation of properties belonging to different persons, with a view to common liabilities or profits..
Reserve :: Reserve (n.) Funds kept on hand to meet liabilities.
Reckoning :: Reckoning (n.) Adjustment of claims and accounts; settlement of obligations, liabilities, etc..
Bankrupt :: Bankrupt (n.) A person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities..
Bankrupt :: Bankrupt (a.) Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury..
Assets :: Assets (n. pl.) The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities..
Pool :: Pool (n.) An aggregation of properties or rights, belonging to different people in a community, in a common fund, to be charged with common liabilities..
Rest :: Rest (n.) A surplus held as a reserved fund by a bank to equalize its dividends, etc.; in the Bank of England, the balance of assets above liabilities..
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