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Commitments vs Liabilities - What's the difference?

commitments | liabilities |

As nouns the difference between commitments and liabilities

is that commitments is while liabilities is .

commitments

English

Noun

(head)

    • liabilities

    English

    Noun

    (head)
  • (finance) An amount of money in a company that is owed to someone and has to be paid in the future, such as tax, debt, interest, and mortgage payments.