noun
-
a financial deficit, when expenses exceed income or revenue
liability
- závazky, pasiva, dluhy
BrE
/ˌlaɪə'bɪləti/
AmE
/ˌlaɪə'bɪlət̬i/
noun, technical
-
the legal debts or financial obligations that a person or organization owes to others, typically listed on a balance sheet (usually plural)