external liability

external liability
external liability UK US noun [C, usually plural] (plural external liabilities)
ACCOUNTING an amount of money that a company owes to lenders or creditors (= people or organizations that have lent it money, or sold it goods), compared to money that is owed to shareholders: »

The company's restructuring has resulted in a reduction in its external liabilities.

ECONOMICS an amount of money that a country owes to another country: »

A significant part of the country's external debt is short-term external liabilities which, at the end of March, stood at $11.1 billion.


Financial and business terms. 2012.

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