Debts owed by an organization. Liabilities are called payables as in accounts payable or notes payable.« Back to Glossary Index
You are here: / CM Tooltip Glossary / Liabilities
About Jeff Mankin
Jeff Mankin is a professor in Nashville, Tennessee. He writes and develops online courses at his website FinallyLearn.com.
He is a fan of the Tennessee Volunteers and the Nashville Predators.