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 ...

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 ...

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, ...

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 ...

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 ...

In a landmark judgment delivered on August 6, the apex court has ordered clear-cut guidelines on the creation and ...

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 ...

Honeywell said on Wednesday that it has divested all of its Bendix asbestos liabilities, as well as certain non-Bendix ...

No one expects to be responsible for a catastrophic event that injures someone else or their property, but it happens. And it can be expensive. That’s where liability insurance comes in. Instead of ...