1. Legal responsibility for something, especially costs or damages. 2. Anything for which somebody is responsible, especially a debt. 3. Something that holds somebody back or causes trouble. 4. Somebody who prevents a successful outcome or causes social embarrassment. 5. Likelihood or probability of something happening. 6. All debts and other financial obligations that appear on a balance sheet.
1. The force or influence that gives something its vitality or strength. 2. The universal animating energy that is in all living things that is responsible for growth and evolution. 3. The creative force that is comprised of a number of different characteristics, components and qualtiies that can be measured by the effects they produce.
Increasing your spending when your income goes up. This phenomenon makes it perpetually difficult to get out of debt, save for retirement or meet financial goals. Lifestyle inflation tends to continue each time someone gets a raise, receives a bonus or an unexpected windfall, making it the primary cause of people getting stuck in the rat-race of working harder and harder just to pay the bills (because their bills grow in line with their income).
1. The state of being liquid. 2. The quality of being readily convertible into cash: an investment with high liquidity. 3. Available cash or the capacity to obtain it on demand. 4. The ease with which an asset can be converted into money. Cash is liquid but shares in a company are less liquid because they must be sold in order to convert them into money. Assets such as property are even less liquid because they take longer to sell than shares.