Question

In a business, what is the meaning of the term liability??​

Answer 1

Answer:

sorry I don't know maybe because I read in class sixth grade

please mark me as Brainlist

it's my humble request

Answer 2

Answer:

A liability (generally speaking) is something that is owed to somebody else. Liability can also mean a legal or regulatory risk or obligation. ... Current liabilities are a company's short-term financial obligations that are due within one year or a normal operating cycle (e.g. accounts payable).