A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

Current liabilities are a company's short-term financial obligations; they are typically due within one year. Examples of current liabilities are accrued expenses, taxes payable, short-term debt, ...

Assets generate income and appreciate in value, while liabilities drain resources and depreciate over time. Do you want to improve your net worth? Probably so. But if you’re like many people, you ...

Auto liability insurance is required in most states—but what does it actually cover? Here's how it works and why it's essential for every driver Amy Danise is the staff Senior Insurance Editor for Buy ...

The stock market decline of 2022 is projected to push the unfunded liabilities of state-run pension systems to $1.3 trillion for the fiscal year, according to a Reason Foundation analysis. The steps ...

Bob Haegele is a freelance writer specializing in topics such as insurance, investing, and credit cards. His work has appeared on Business Insider, CreditCards.com, and other nationally recognized ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Auto liability insurance covers injuries and property damage you cause to others in an accident. It includes bodily injury and property damage liability, both with specific coverage limits. Most ...