own liabilities

USAGE SUMMARY

The phrase "own liabilities" is correct and usable in written English.
It can be used when discussing personal or individual responsibilities, particularly in financial or legal contexts. Example: "Each partner in the business is responsible for their own liabilities, ensuring that personal assets are protected."

✓ Grammatically correct

News & Media

Formal & Business

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

21 human-written examples

However, Mr. Romney also has his own liabilities.

The New York Times

Since 2007, banks have had to report changes in the fair value of their own liabilities.

The New York Times

It also took a $700 million accounting hit because improving credit made its own liabilities go up in value.

The New York Times

Revenue more than doubled from the fourth quarter, after stripping out the effect of accounting rules on its own liabilities.

The New York Times

But the new creative freedom comes with its own liabilities, said Doug Hare, production project director of The Fallen.

The New York Times - Tech

The bank had a tax credit of 522 million francs and said it booked a gain of 922 million francs as the value of its own liabilities dropped.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

39 human-written examples

(Second Mile's own liability coverage is a separate question).

The New Yorker

The question of Facebook's own liability, on the other hand, has been murkier.

The New York Times - Tech

Meanwhile, the Medical Research Institute, where Dr. Scott's project was originally based, lost its own liability coverage.

The New York Times - Science

He should bring his own liability coverage and enough insurance to rebuild your house in case of fire.

The New York Times

The defined contributions system allows the government to rectify its mistake of "funding its own liability," he said.

The New York Times

Expert writing Tips

Best practice

When discussing financial statements, use "own liabilities" to clearly indicate that you're referring to the debts or obligations directly attributable to the entity in question, as opposed to contingent or assumed liabilities.

Common error

Avoid using "own liabilities" interchangeably with general expenses or costs. "Own liabilities" specifically denote financial or legal obligations, not just any expenditure.

Linguistic Context

The phrase "own liabilities" functions as a noun phrase, typically used as the object of a verb or preposition within a sentence. Ludwig AI indicates this phrase is correct and usable in written English. It refers to the debts, obligations, or responsibilities that an individual or entity is directly accountable for.

Expression frequency: Common

Frequent in

News & Media

45%

Formal & Business

35%

Encyclopedias

10%

Less common in

Science

5%

Wiki

3%

Reference

2%

Ludwig's WRAP-UP

In summary, "own liabilities" is a noun phrase used to describe debts, obligations, or responsibilities for which an individual or entity is directly accountable. As supported by Ludwig AI, the phrase is grammatically correct and commonly used in professional and neutral contexts, such as financial reports, news articles, and legal documents. While phrases like "personal debts" or "company's responsibilities" can act as alternatives depending on context, it is essential to not confuse these with general expenses. By keeping these writing tips in mind, one can correctly use this phrase to ensure clarity in their writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

personal debts

Focuses specifically on the financial aspect of liabilities, emphasizing individual responsibility.

individual obligations

Highlights the compulsory nature of the responsibilities, broadening the context beyond just financial aspects.

company's responsibilities

Shifts the focus from individual to corporate accountabilities, altering the scope of the responsibilities.

legal accountabilities

Specifically emphasizes the legal nature of the liabilities, narrowing the scope.

financial exposures

Emphasizes the potential risks associated with the liabilities, highlighting the vulnerability aspect.

corporate debts

Emphasizes financial obligations within a company context.

individual financial burdens

Focuses on the weight or difficulty associated with managing personal liabilities.

organizational obligations

Highlights the duties and commitments of an organization.

business debts

Directly pertains to the financial obligations of a business entity.

firm's financial exposures

Focuses on the risks faced by a firm due to its financial obligations.

FAQs

How can I use "own liabilities" in a sentence?

You can use "own liabilities" to discuss financial obligations. For example: "The company booked a gain as the value of its "own liabilities" decreased."

What are some alternatives to saying "own liabilities"?

Depending on the context, you can use alternatives such as "personal debts", "individual obligations", or "company's responsibilities".

When is it appropriate to use "own liabilities" versus "general expenses"?

"Own liabilities" refers specifically to financial or legal obligations that an entity is responsible for. "General expenses", on the other hand, include day-to-day operational costs. Use "own liabilities" when detailing debts or obligations, not just routine expenditures.

What's the difference between "own liability" and "contingent liability"?

"Own liability" refers to a direct obligation. A "contingent liability" is a potential obligation that may arise depending on future events.