Term	Book	Chapter	Definition
Liabilities	CFA Level 1 Exam	Chapter 4: Financial Reporting and Analysis	The company's financial obligations or debts. Like assets, liabilities are divided into current liabilities (accounts payable, accrued expenses) and non-current liabilities (long-term debt, deferred tax liabilities).
Liabilities	Corporate Finance	Chapter 3: Financial Statement Analysis	Company's obligations, including current liabilities (e.g., accounts payable) and long-term liabilities (e.g., loans).