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 ...

Debt comes in many forms like mortgages, student loans, credit cards and national debt. It can be advantageous or detrimental to personal, corporate or national finances. Some try to evade debt at all ...

Long-term debt (also called long-term liabilities) is a financial obligation that extends past a 12-month period. This is the opposite of short-term liabilities, which are loans due within a year. Let ...

Asset retirement obligations are legal requirements for retiring long-term physical assets. They are listed as long-term liabilities, revealing a company's future financial burdens. Understanding ...