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Banking

Current Liability

A liability that includes all debts that fall due within one year or during a firm’s operating cycle. Namely, current…

TLs

It stands for total liabilities; the total amount of liabilities (financial obligations) that an entity owes to others (i.e., all...

Total Liabilities

The total amount of liabilities (financial obligations) that an entity owes to others (i.e., all money owed to creditors). This...

Fixed Liability

A liability that is not a current liability. By nature, it is a liability (financial obligation) that is not due...

Dayn Mu’ajjal

Arabic (دين مؤجل) for debt (dayn) that need not be repaid before it falls due (i.e., on its maturity date). However,...

Liability

A liability that a bank holds on its balance sheet (statement of financial position). Banks liabilities consist of deposits and...

Bank Liabilities

The liabilities that a bank holds on its balance sheet (statement of financial position). Banks liabilities consist of deposits and...

Bankrupt Shell

A public shell that has been formed either through issuance of shares following a bankruptcy (these shares are publicly tradable under…

Liability Recognition

In the context of Islamic financial accounting, a liability is recognized in the balance sheet (statement of financial position) when…

Collateral Performance Trigger

A reaction that is triggered upon occurrence of a predefined event such as when loans/ liabilities exhibit a high percentage…