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Financial obligations or debts owed by a company or individual, typically recorded as liabilities on a balance sheet.
Die Verbindlichkeiten umfassen Kredite, Lieferantenverbindlichkeiten und Steuerschulden.
The liabilities include loans, accounts payable, and tax debts.
In accounting, 'Verbindlichkeiten' are classified as current (due within one year) or non-current (long-term).
Legal obligations or duties that must be fulfilled.
Der Vertrag enthält mehrere Verbindlichkeiten für beide Parteien.
The contract contains several obligations for both parties.
Often used in contracts or legal documents to describe binding duties.
In finance, 'Verbindlichkeiten' refers to debts or obligations recorded on a balance sheet. In legal contexts, it describes duties or responsibilities under a contract or law. Pay attention to the context to determine the correct meaning.
The word 'Verbindlichkeiten' is always used in the plural form in German. There is no singular 'Verbindlichkeit' in common usage, especially in financial contexts.
From 'ver-' (prefix indicating completion/obligation) + 'binden' (to bind/oblige) + '-lichkeiten' (suffix forming plural nouns). Literally 'things that bind one', reflecting the idea of obligations that must be fulfilled.
Always plural in German. In financial contexts, it is a key term in balance sheets (Bilanz) and accounting. Avoid using the singular 'Verbindlichkeit' in everyday contexts, as it is rare.