Liabilities (负债 fùzhài) refer to something an individual or corporation owes. In other words, it is legally binding obligations between one party and another that haven’t been discharged.
- 负 (fù) as in negative number (负数 fùshù), burden (负担 fùdān), or downside (负面 fùdān).
- 债 (zhài) as in bond (债券 zhàiquàn).
Liabilities (负债 fùzhài) as in:
- Long-term liabilities (长期负债 chángqī fùzhài).
- Short-term liabilities (短期负债 duǎnqī fùzhài).
- Current liabilities (流动负债 liúdòng fùzhài).