Learn what a contra liability account is, how it functions in financial accounting, and explore examples of this essential component in balancing liabilities.

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he ...

The name practically says it all--limited liability. Who doesn't want to reduce their liability? Limited liability business forms, including limited liability companies, limited liability partnerships ...

Policyholders now argue that liability carriers must cover claims arising from unauthorized recording suits because they involve "publication" that has caused a personal and advertising injury. Courts ...

An insurance policy that service-related businesses need is professional liability insurance. Learn about what it covers and ...

Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial ...

Different types of businesses and business interests hold different levels of liability when it comes to debts and obligations. Owners of sole proprietorship businesses and general partnerships may be ...