Glossary entry

English term or phrase:

No Undisclosed Liabilities.

English answer:

No hidden liabilities

Added to glossary by Saleh Chowdhury, Ph.D.
Jul 27, 2004 11:04
19 yrs ago
10 viewers *
English term

Responses

+8
3 mins
Selected

no hidden liabilities.

all liabilities are expressed.

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Note added at 8 mins (2004-07-27 11:13:23 GMT)
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all liabilities/obligations/accountability/responsibilities are identified/unveiled/revealed.
Peer comment(s):

agree Armorel Young : need more context - e.g. if a company were being sold it would be important to ascertain that there were no undisclosed liabilities in the sense of debts which would be passed on to the purchaser
8 mins
Yes, more context in necessary for more appropriate answer. Thank you Armorel.
agree Vicky Papaprodromou
34 mins
Thank you Vicky
agree Asghar Bhatti
2 hrs
Thank you Asghar
agree Tahir
3 hrs
Thank you Tahir
agree Jörgen Slet
11 hrs
Thank you Jörgen
agree Eva Karpouzi
13 hrs
Thank you Eva
agree Craft.Content
17 hrs
Thank you Sanjay
agree Aleksandra Gjoreska
6 days
Thank you Alexandra
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Graded automatically based on peer agreement."
+2
3 mins

hidden charges

This might be referring to hidden charges which are not disclosed with the apprehension that the prospective customers would be distracted.
Peer comment(s):

agree Elena Petelos
2 hrs
agree Jörgen Slet
11 hrs
Something went wrong...
+4
15 mins

We have revealed all the liabilities we know of; we have not hidden any.

Liabilities in business are payments to be made in cash or kind. By stating that there are "No Undisclosed Liabilites", the person evaluating the business is being assured that the net value of the business is the same as what is shown in the account books.
Peer comment(s):

agree Vicky Papaprodromou
22 mins
Thanks Vicky
agree Jörgen Slet
11 hrs
Thanks Jorgen
agree Eva Karpouzi
13 hrs
Thank you Eva
agree Aleksandra Gjoreska
6 days
Something went wrong...
+2
3 hrs

all liabilities have been duly made known

All liabilities (payments to be made and other expenses due) that exist have been made known to the public, presumably shareholders or partners.
Peer comment(s):

agree Jörgen Slet
8 hrs
agree Eva Karpouzi
10 hrs
Something went wrong...
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