In accounting terms, a liability is an amount that you owe a creditor. Liabilities generally fall into two categories -- current and long-term. Current liabilities include debts you owe that you ...

Current liabilities include short-term financial obligations due within a year. Investors should monitor companies' current ratios to assess financial strength. A current ratio above 1 indicates a ...

Almost all businesses have liabilities, which are debts and money owed for things such as property, materials, labor and business income taxes. To remain financially stable and develop a proper budget ...