This is a debt that can be legally enforced in a court of law. You can file for a judgment and the court or judge stands behind this.
A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.
A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.
A contract must be in writing to be legally enforceable when it involves the sale of real estate, a promise to pay someone else's debt, or an agreement that cannot be completed within one year.
liability is a debt.
A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- that is a debt; something owed in the future.
NO. But the Current maturities of long-term debt is an operating liability.
That is the correct spelling of "liability" (responsibility, debt, or burden).
Debt
what type of liability do stockholders have when it comes to corporate debt and responsibility
Yes, creditors can legally sell your debt to another party, who then has the right to collect the debt from you.
no
Yes short term debt is a current liability for business and payable normally within one fiscal year and shown under current liability section of liability side of balance sheet.