Definition, Meaning & Synonyms
total-liability
noun
/ˈtoʊ.təl ˈlaɪ.ə.bɪ.lɪ.ti/
Definition
Total liability refers to the overall amount of a company’s total obligations or debts to creditors at a specific point in time.
Examples
- The total liability of the company increased significantly after acquiring new debt for expansion.
- Investors review total liabilities to assess the financial health of a business.
- Understanding total liability helps stakeholders make informed decisions about investments.
Meaning
It encompasses all financial obligations, including loans, accounts payable, and any other debts that the company owes.
Synonyms
- overall obligation
- total debt
- aggregate liability
