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 ...

When a disaster occurs, a country's financial obligations are triggered to repair the damage that has occurred. These obligations are called contingent liabilities. To understand more about the ...

A lot of rhetoric has been expended on the national debt and how fast it is rising. It's true that it has increased though in comparison to the annual Gross Domestic Product it has decreased and is ...