financial obligation

Noun
  1. is a type of: obligation - the state of being obligated to do or pay something
    subtypes:
    • limited liability - the liability of a firm's owners for no more than the capital they have invested in the firm
    • debt - the state of owing something (especially money)
    • arrears - the state of being behind in payments
    • account payable, payable - a liability account showing how much is owed for goods and services purchased on credit
    • scot and lot - obligations of all kinds taken as a whole
    same as: indebtedness, liability

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