Liabilities

Balance Sheet - Definition and Meaning
Detailed dictionary entry for the economic term 'Balance Sheet,' including its definition, background, and major analytical frameworks.
Creditors
The balance-sheet item showing debts owing to others, divided between payments due in under a year and other debts.
Liabilities
Liabilities constitute the obligations and debts of a firm, typically recorded on the debit side of a balance sheet.
Net Worth
The net value of an organization’s assets after deducting any liabilities, taking into account the reliability of asset valuation.
Inside Money
Inside money is an asset for the holder and a liability for another party within the economy, redistributing wealth rather than increasing it.