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 ...

usiness firms use a financial analysis technique called asset vs. liability management (ALM) to mitigate risk due to a mismatch in their assets and liabilities. A mismatch occurs when assets and ...

Liabilities are financial obligations and responsibilities you need to pay off using your assets. Though they might seem like a drag—and they certainly can be, if you aren’t careful—liabilities help ...

Payroll liabilities are payroll-related fees your company owes. Learn payroll liability types, how they differ from payroll ...

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 ...

Learn what a contra liability account is, how it functions in financial accounting, and explore examples of this essential component in balancing liabilities.

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Liabilities are a fact of life for a business owner.