external liability
noun[C,usually plural]
ukuspluralexternal liabilitiesACCOUNTING
anamountofmoneythat acompanyowestolendersorcreditors(=peopleororganizationsthat havelentitmoney, orsolditgoods),comparedtomoneythat isowedtoshareholders:
The company'srestructuringhasresultedin areductioninitsexternalliabilities.
ECONOMICS
anamountofmoneythat acountryowesto anothercountry:
Asignificantpartof the country'sexternaldebtisshort-termexternalliabilities which, at the end ofMarch,stoodat $11.1billion.