Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “external liability”

external liability

noun [C, usually plural]
 
 
( plural external liabilities)
ACCOUNTING an amount of money that a company owes to lenders or creditors (= people or organizations that have lent it money, or sold it goods), compared to money that is owed to shareholders: The company's restructuring has resulted in a reduction in its external liabilities.
ECONOMICS an amount of money that a country owes to another country: A significant part of the country's external debt is short-term external liabilities which, at the end of March, stood at $11.1 billion.
(Definition of external liability from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of external liability?
Add Cambridge dictionaries to your browser to your website

Word of the Day

piglet

a baby pig

Word of the Day

I won’t tolerate it! Replacing formal words with phrasal verbs.

by Liz Walter,
April 01, 2015
When you are using a language, it is important to understand if a word is formal or informal, so that you can use it in an appropriate way. You might hear people saying dosh for money, or spud for potato, but they wouldn’t write those words in a formal essay. Similarly, a

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More