understanding financial jargon
For both an individual or a Company, liabilities are all those debts and other costs which must be paid either now or in the future.
Such liabilities might include the interest payment on a loan (short term), and also the repayment of the loan in the future (long term). Liabilities might also include tax owed to the Government, debts owed to suppliers and so on.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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