#liabilities__liabilitie ('!' replaced by '-' since a liability (e.g. a loan) for someone may be seen as an asset by another or even the same person (e.g. a credit))$ anything that is owed to someone else
supertype: possession anything owned or possessed
inverse: assets
subtype: tax_liability__taxliability the amount of tax owed; calculated by applying the tax rate to the tax base
subtype: payables money that you currently expect to pay on notes and accounts
subtype: deficit an excess of liabilities over assets (usually over a certain period)
subtype: budget_deficit an excess of expenditures over revenues
subtype: federal_deficit__federaldeficit an excess of the federal government's spending over its revenue; "federal deficits can cause inflation"
subtype: trade_deficit__tradedeficit an excess of imports over exports
subtype: debt the amount that is owed
subtype: arrears__arrear an unpaid overdue debt
subtype: national_debt the debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions)
subtype: public_debt the total of the nation's debts: debts of local and state and national governments; an indicator of how much public spending is financed by borrowing instead of taxation
subtype: debt_limit__debt_ceiling the maximum borrowing power of a governmental entity
subtype: national_debt_ceiling a limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress
subtype: bad_debt__baddebt a debt that is unlikely to be repaid
subtype: installment_debt__installmentdebt debt to be paid by installments
subtype: loan the provision of money temporarily given (usually at interest)
subtype: bank_loan a loan made by a bank; to be repaid with interest on or before a fixed date
subtype: business_loan__commercial_loan a bank loan granted for the use of a business
subtype: interbank_loan__interbankloan a loan from one bank to another
subtype: home_equity_credit__home_equity_loan__equity_credit_line a loan secured by equity value in the borrower's home
subtype: installment_credit__installmentcredit__installment_loan__installmentloan a loan repaid with interest in equal periodic payments
subtype: call_loan__demand_loan a loan that is repayable on demand
subtype: direct_loan a loan by a lender to a customer without the use of a third party; direct lending gives the lender greater discretion in making loans
subtype: participation_loan__participationloan__loan_participation__participation_financing__participationfinancing a loan that is shared by a group of banks that join to make a loan too big for any one of them alone
subtype: personal_loan__consumer_loan a loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay
subtype: automobile_loan__auto_loan__car_loan__carloan a personal loan to purchase an automobile
subtype: real_estate_loan__mortgage_loan a loan on real estate that is usually secured by a mortgage
subtype: time_loan a loan that is payable on or before a specified date
subtype: principal the original amount of a debt on which interest is calculated
subtype: score.debt an amount due (as at a restaurant or bar); "add it to my score and I'll settle later"
subtype: charge.liabilities financial liabilities (such as a tax); "the charges against the estate"
subtype: levy a charge imposed and collected
subtype: tax__revenue_enhancement charge against a citizen's person or property or activity for the support of government
subtype: single_tax a system of taxation in which a tax is levied on a single commodity (usually land)
subtype: income_tax a personal tax levied on annual income
subtype: estimated_tax__estimatedtax income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability
subtype: FICA a tax on employees and employers that is used to fund the Social Security system
subtype: withholding_tax__withholding income tax withheld from employees' wages and paid directly to the government by the employer
subtype: PAYE__pay_as_you_earn the British system of withholding tax
subtype: surtax__supertax an additional tax on certain kinds of income that has already been taxed
subtype: capital_gains_tax__capitalgainstax a tax on capital gains; "he avoided the capital gains tax by short selling"
subtype: capital_levy__capitallevy a tax on capital or property
subtype: property_tax__land_tax a capital tax on property imposed by municipalities
subtype: departure_tax__departuretax a tax that is levied when you are departing a country by land or sea or air
subtype: franchise_tax__franchisetax a tax that is imposed by states on corporations; it depends both on the net worth of the corporation and on its net income attributable to activities within the state
subtype: gift_tax a tax imposed on transfers of property by gift during the lifetime of the giver
subtype: direct_tax a tax paid directly by the person or organization on whom it is levied
subtype: indirect_tax a tax levied on goods or services rather than on persons or organizations
subtype: hidden_tax a tax paid unwittingly by the consumer (such as ad valorem taxes)
subtype: capitation a tax levied on the basis of a fixed amount per person
subtype: poll_tax a tax of a fixed amount per person and payable as a requirement for the right to vote
subtype: progressive_tax__progressivetax any tax in which the rate increases as the amount subject to taxation increases
subtype: rates__rate (British) a local tax on property (usually used in the plural)
subtype: poor_rates (British) a local tax for the relief of the poor
subtype: stamp_tax__stamptax__stamp_duty__stampduty a tax collected by requiring a stamp to be purchased and attached (usually on documents or publications)
subtype: pavage a tax toward paving streets
subtype: transfer_tax any tax levied on the passing of title to property
subtype: inheritance_tax__inheritancetax__estate_tax__death_tax__deathtax__death_duty__deathduty a tax on the estate of the deceased person
subtype: special_assessment__specialassessment an additional tax levied on private property for public improvements that enhance the value of the property
subtype: tariff__duty a government tax on imports or exports; "they signed a treaty to lower duties on trade between their countries"
subtype: customs_duty__customsduty__customs__custom__custom__impost money collected under a tariff
subtype: ship_money an impost levied in England to provide money for ships for national defense
subtype: tonnage_duty__tonnageduty__tonnage__tunnage a tax imposed on ships that enter the US; based on the tonnage of the ship
subtype: octroi a tax on various goods brought into a town
subtype: revenue_tariff__revenuetariff a tariff imposed to raise revenue
subtype: protective_tariff a tariff imposed to protect domestic firms from import competition
subtype: anti-dumping_duty a tariff imposed to prevent dumping
subtype: import_duty a duty imposed on imports
subtype: export_duty a duty imposed on exports
subtype: countervailing_duty a duty imposed to offset subsidies by foreign governments
subtype: excise_tax__excise a tax that is measured by the amount of business done (not on property or income from real estate)
subtype: sales_tax__salestax__nuisance_tax a tax based on the cost of the item purchased and collected directly from the buyer
subtype: VAT__value-added_tax__ad_valorem_tax a tax levied on the difference between a commodity's price before taxes and its cost of production
subtype: gasoline_tax a tax on every gallon of gasoline sold
subtype: tithe.levy a levy of one tenth of something
subtype: encumbrance a charge against property (as a lien or mortgage)
subtype: assessment.charge an amount determined as payable; "the assessment for repairs outraged the club's membership"
subtype: accounts_payable a debtor's accounts of money he owes; normally arise from the purchase of products or services
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