Liabilities


 

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Liabilities

Basically, liabilities are debts that you have and the regular outgoing payments that you make.The reason you must show your bank statements is usually to help the underwriters identify anything in your current expenditure that may impinge upon your ability to repay the loan. They want to know about any other mortgages, debts, credit cards, HP agreements, loans, overdraft facilities, maintenance and court orders. You will normally have to show three to six months worth of bank statements to help demonstrate that the figures you provide them with are accurate.

Liabilities

The debts of a person or company. See 'current liabilities', 'long term liabilities', 'contingent liabilities'.



Similar Matches

Spontaneous Current Liabilities

Spontaneous Current Liabilities

Short-term obligations that automatically increase and decrease in response to financing needs, such as accounts payable.


Current liabilities

Current liabilities

Debts owed by a company which are due for settlement within 12 months. These include creditors and taxes due etc.


Existing liabilities

Existing liabilities

Expenses taken into account by a mortgage lender when assessing an applicant’s ability to repay the loan. These include loan repayments, maintenance payments etc. 


Other long term liabilities

Other long term liabilities

Value of leases, future employee benefits, deferred taxes, and other obligations not requiring interest payments that must be paid over a period of more than one year.


Nonmonetary assets and liabilities

Nonmonetary assets and liabilities

Assets and liabilities with noncontractual payoffs.


Further Suggestions

Current liabilities
Pension liabilities
Permanent spontaneous current Liabilities
Monetary assets and liabilities
long term liabilities
Spontaneous Liabilities
contingent liabilities


 
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