Debt vs. Liability — What's the Difference?

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

The state of being liable.

Something owed, such as money, goods, or services

Something for which one is liable; an obligation, responsibility, or debt.

An obligation or liability to pay or render something to someone else

Liabilities The financial obligations entered in the balance sheet of a business enterprise.

The condition of owing

Something that holds one back; a handicap.

Financial instruments, such as bonds, mortgages, and loans, that represent a claim to payment and rights of creditorship

Likelihood.

A moral or legal obligation to make reparations or undergo punishment for committing an offense

An obligation, debt or responsibility owed to someone.

An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.

(accounting) Any item recorded on the right-hand side of a balance sheet.

The state or condition of owing something to another.

A handicap that holds something back, a drawback, someone or something that is a burden to whoever is required to take care of them; an individual or action that exposes others to greater risk.

(finance) Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.

A person on a team that is more of a hindrance than a help.

(legal) An action at law to recover a certain specified sum of money alleged to be due

The likelihood of something happening.

That which is due from one person to another, whether money, goods, or services; that which one person is bound to pay to another, or to perform for his benefit; thing owed; obligation; liability.

The condition of being susceptible to something.

A duty neglected or violated; a fault; a sin; a trespass.

The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.

An action at law to recover a certain specified sum of money alleged to be due.

That which one is under obligation to pay, or for which one is liable.

The state of owing something (especially money);

The state of being legally obliged and responsible

Money or goods or services owed by one person to another

An obligation to pay money to another party

An obligation to pay or do something

The quality of being something that holds you back