What is financial liability?

Wiki User

2007-06-20 14:29:06

If you have financial liability, they you have to pay money if something goes wrong. Liability means you can be held responsible and financial means money.

Related Questions

How did corporations offer financial security to investors?

by limiting their financial liability

Is contingent liability credit or debit?

Contingent liability is not shown in financial statments until it if considerably clear that liability will be happend and until that time it is shown as a note in notes to financial statement section.

What liability refers to a financial liability brought on by a loss that has resulted from illegal improper or incorrect payments?

Pecuniary

Where do dividends on the financial statements?

Dividend payable is liability and shown under liability side of balance sheet.

What is the difference between Property owner's liability and Tenants liability?

Property owners Liability is the financial , legal liability attaches to property owners due to their property, where as tenants libility vice versa

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