Liability

Meaning

A liability is something that an individual or a legal entity owes, for example a payment for goods and services.

Key points

• Liability appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, liability is used to keep invoice and payment operations structured and auditable.