total liabilities

Definition

The total amount of all financial obligations of a company including all creditor claims on company assets.

Use total liabilities in a sentence

  • We had a lot of total liabilities to look after and we could not forget about them, or we would be forever lost.

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  • Your financing institution is fully responsible for your total liabilities across all of your bank accounts and across all platforms.

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  • The bankruptcy courts agreed with the petitioners in deeming the corporation insolvent insolvent as their total liabilities exceeded their assets.

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