Any money that needs to be paid in the future.
Examples:
• a bank loan (needs to be paid back some day)
• an electricity bill
• taxes not yet paid
Can also include services owed, such as a promise to paint a customer's fence.
Any money that needs to be paid in the future.
Examples:
• a bank loan (needs to be paid back some day)
• an electricity bill
• taxes not yet paid
Can also include services owed, such as a promise to paint a customer's fence.