external liability Meaning in the Cambridge English Dictionary
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Meaning of “external liability” in the English Dictionary

"external liability" in Business English

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external liabilitynoun [C, usually plural]

uk   us   (plural external liabilities)
ACCOUNTING an ​amount of ​money that a ​companyowes 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 ​externaldebt is ​short-termexternal 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)
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