Liability (负债 fùzhài) refers to the financial obligation between one party and another, such as deferred revenue, customer deposits, dividends, bank loans, mortgage, etc. It can be divided into current liability (due in less than one year) and long-term liability (due in more than one year). Also see: asset.

Liability (负债 fùzhài) as in:

  1. Long-term liability (长期负债 chángqī fùzhài).
  2. Short-term liability (短期负债 duǎnqī fùzhài).
  3. Current liability (流动负债 liúdòng fùzhài).
  4. Assets and liabilities (资产与负债 zīchǎn yǔ fùzhài).
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