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Verbindlichkeit

liability; obligation (financial)

noun fer-BIND-likh-kite Rare
People & Society Money

Also means

commitment

Usage Note

Verbindlichkeit on a balance sheet denotes money a company owes — a liability. Kurzfristige Verbindlichkeiten are current liabilities; langfristige are long-term. The plural Verbindlichkeiten is the normal form in financial contexts.

Examples

"Die kurzfristigen Verbindlichkeiten übersteigen das Umlaufvermögen."

Natural Translation

The short-term liabilities exceed the current assets.

Literal Translation

The short-term liabilities exceed the circulating assets.

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