An obligation of a business that represents the claims of others against the assets of the business is called a(n):

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A liability represents an obligation of a business to pay or perform certain actions in the future. In this case, the liability represents the claims of others (creditors, suppliers, lenders, etc.) against the assets of the business. This could include loans, accounts payable, or other forms of debt.

An Obligation of a Business That Represents the Claims of Others