 |
| English | Spanish |
| contra liability | contracuenta de pasivo (An account that is used to reduce a liability to arrive at its carrying value) |
| current liability | pasivo circulante (An obligation that is due within a short period of time, usually one year or less, and which will be paid out of current assets) |
| limited liability company | compañía de responsabilidad limitada (A business entity allowed for by state statutes in the United States that protects each owner (member) from personal liabilities but is not taxed since it passes all profits and losses to each member who is taxed accordingly) |
| long-term liability | pasivo a largo plazo (An obligation that is scheduled to be paid over periods longer than one year, such as a loan or mortgage) |
| sequential liability | responsabilidad secuencial (A rule that states that a company only has to pay money it owes after it has received payment from its customers) |
| tax liability | deuda tributaria (A government authority's legal claim to the assets of a legal entity) |