He'll have paid his debts off by next year.

Look at the assets and liabilities on the balance sheet if you want to know how the company's doing.

Many developing countries are burdened by heavy debt.

We need to look at the long-term liabilities before we think about any major new purchases.

The partnership has limited liability status.

Current liabilities are those which are paid off within a year.

The company's in debt to the tune of 10 million.