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Definition of liabilities
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of liabilities is as below...
Liabilities
(pl. ) of
Liabilit.
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Liabilities
::
Liabilities
(pl. ) of
Liabilit.
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..
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..
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..
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..
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..
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..
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..
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..
Reserve
::
Reserve
(n.) Funds kept on hand to meet
liabilities.
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..
Bankrupt
::
Bankrupt
(a.)
Depleted
of
money;
not
having
the means of
meeting
pecuniary
liabilities;
as, a
bankrupt
treasury..
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