list of liabilities

USAGE SUMMARY

The phrase "list of liabilities" is correct and usable in written English.
You can use it when referring to a compilation of debts or obligations that an individual or organization is responsible for. Example: "Before applying for the loan, the bank requested a detailed list of liabilities to assess my financial situation."

✓ Grammatically correct

Formal & Business

News & Media

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

The list of assets shows the forms in which the company's resources are lodged; the list of liabilities and the owners' equity indicate where these same resources have come from.

Encyclopedia Britannica

But what the EU wants from the UK now is a list of liabilities it accepts - such as pension payments, contributions to multi-annual budgets and loans to countries like Ukraine and Turkey.

BBC

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

In the case of a deceased spouse, the first priority is to make a list of all liabilities and find the account or accounts the payments are coming out of and make certain that everything still in use is being paid.

Huffington Post

We have a family balance sheet that includes the normal list of assets and liabilities.

The New York Times

Among them was a bill in 1879 proposing the auditing of banks' accounts, which contained the radical idea of listing liabilities down one side of the page and assets on the other side.Another crisis, another set of proposals.

The Economist

The balance sheet is a list of the assets and liabilities of a company.

Science Magazine

A typical company balance sheet obviously features a list of assets (opposite its liabilities) including cash, accounts receivable, equipment and buildings plus inventory and supplies.

Forbes

McCarthy said they don't turn anyone away who wants space in the kitchen though their list of requirements – including proof of liability insurance, a business license, and an operator agreement – weeds out the less-than-serious.

Forbes

Michel Barnier, the EU's chief negotiator, is understood to be preparing a list of up to €60 billion of liabilities, including spending commitments signed off by Britain before the referendum that will be owed by the UK when it officially leaves in 2019.

The Times

Roos is now the major creditor in Coppola's three-part bankruptcy filing, which lists total liabilities of $98 million and assets of $53 million.

Los Angeles Times

Carmike, one of several theater operators facing financial difficulties because of overexpansion, filed for Chapter 11 protection in Wilmington, Del., listing $841.2 million of assets and $652.8 million of liabilities.

The New York Times

Expert writing Tips

Best practice

When creating a "list of liabilities", ensure all items are accurately categorized and quantified to provide a clear and comprehensive overview of financial obligations.

Common error

Avoid the common mistake of overlooking contingent liabilities. Include potential future obligations, even if their occurrence or amount is uncertain, as they can significantly impact financial planning.

Linguistic Context

The phrase "list of liabilities" functions as a noun phrase that typically serves as a subject complement or an object within a sentence. As Ludwig AI confirms, this phrase is suitable for written English, referring to a compilation of debts or obligations.

Expression frequency: Uncommon

Frequent in

News & Media

30%

Formal & Business

30%

Science

15%

Less common in

Academia

10%

Encyclopedias

10%

Wiki

5%

Ludwig's WRAP-UP

The phrase "list of liabilities" is a grammatically sound and professionally appropriate term for denoting an enumeration of financial obligations. While not exceedingly common, as confirmed by Ludwig, it's typically used in business, financial, and legal contexts to provide clarity and accuracy in documenting debts. Related phrases include "schedule of debts" and "compilation of financial obligations", offering alternative ways to express the same concept. Remember to include all current and non-current debts when preparing a "list of liabilities", and avoid overlooking potential future obligations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

record of debts

Uses "record" instead of "list", indicating a maintained account of debts.

statement of financial liabilities

Replaces "list" with "statement", often used in formal financial contexts.

schedule of debts

Replaces "list" with "schedule", emphasizing a structured arrangement of debts.

compilation of financial obligations

Substitutes "list" with "compilation", emphasizing the act of gathering obligations.

catalog of obligations

Substitutes "list" with "catalog", suggesting a more comprehensive compilation of obligations.

enumeration of liabilities

Replaces "list" with "enumeration", making the phrase more formal.

detailed account of debts

Adds the adjective "detailed", highlighting the thoroughness of the record.

inventory of financial responsibilities

Replaces "liabilities" with a broader term, "financial responsibilities", making it slightly more general.

register of financial accountabilities

Changes "liabilities" to "financial accountabilities", broadening the scope slightly.

summary of financial responsibilities

Uses "summary" instead of "list", implying a condensed overview.

FAQs

How does a "list of liabilities" differ from a balance sheet?

A "list of liabilities" is a component of a balance sheet. The balance sheet presents a snapshot of a company's assets, liabilities, and equity at a specific point in time, whereas the "list of liabilities" specifically details what the company owes to others.

What should be included in a comprehensive "list of liabilities"?

A comprehensive "list of liabilities" should include all current and non-current debts, such as accounts payable, salaries payable, taxes payable, deferred revenue, short-term and long-term loans, and any other financial obligations the entity has.

What's the difference between "list of liabilities" and "schedule of debts"?

While both terms refer to a record of financial obligations, a "list of liabilities" is a more general term, while a "schedule of debts" implies a more structured and organized presentation, often including payment terms and due dates.

Why is it important to maintain an accurate "list of liabilities"?

Maintaining an accurate "list of liabilities" is crucial for financial planning, assessing solvency, securing financing, and making informed business decisions. It helps stakeholders understand the financial health and stability of an entity.