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liabilities vs tax liability

tax liability vs liabilities

liabilities and tax liability both are nouns.

Word NounAdjectiveVerbAdverb
liabilities Yes No No No
tax liability Yes No No No
As nouns, tax liability is a hyponym of liabilities; that is, tax liability is a word with a more specific, narrower meaning than liabilities:
  • liabilities: anything that is owed to someone else
  • tax liability: the amount of tax owed; calculated by applying the tax rate to the tax base
liabilities (noun) tax liability (noun)
anything that is owed to someone else the amount of tax owed; calculated by applying the tax rate to the tax base
Difference between liabilities and tax liability

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