- secured liabilities
Financial and business terms. 2012.
secured liabilities
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Secured debt — Debt that, in the event of default, has first claim on specified assets. The New York Times Financial Glossary * * * secured debt secured debt ➔ debt * * * secured debt UK US noun [C or U] (also secured liabilities [plural]) ► FINANCE … Financial and business terms
secured debt — debt that has first claim on specified assets in the event of default. Bloomberg Financial Dictionary * * * secured debt secured debt ➔ debt * * * secured debt UK US noun [C or U] (also secured liabilities [plural]) … Financial and business terms
liability — 1) In the broad legal sense, responsibility or obligation. For example, a person is liable to pay his debts, under the law; 2) In accounting, any debt owed by an individual or organization. Current, or short term, liabilities are those to be paid … Financial and business terms
Liability — A financial obligation, or the cash outlay that must be made at a specific time to satisfy the contractual terms of such an obligation. The New York Times Financial Glossary * * * liability li‧a‧bil‧i‧ty [ˌlaɪəˈbɪlti] noun liabilities PLURALFORM … Financial and business terms
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