Liability
what you owe (a customer's deposit is the bank's debt!)
Where it appears in the course
- Chapter 1 of 16 · The Clerk
- Chapter 3 of 16 · The Developer-Financier
- Chapter 7 of 16 · The Structurer
- Chapter 13 of 16 · The World of Currencies
In the academy “Liability” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.