Liability
From Basic Internet Foundation Wiki
| Definition: | reservation of some resource to meet commitments |
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| Dictionary Basis: | something for which one is liable: as (1): an amount that is owed whether payable in money,
other property, or services ; MWUDProperty "Dictionary basis" (as page type) with input value "something for which one is liable: as (1): an amount that is owed whether payable in money,</br>other property, or services ; MWUD" contains invalid characters or is incomplete and therefore can cause unexpected results during a query or annotation process. |
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| General concept: | motivation element |
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| Note: | A liability is a reservation of actual resources (materials, finished goods, people’s time, cash,
etc.) to meet commitments, rather than the accounting sense of “liability” (the monetary value of these resources). |
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