The word usage examples above have been gathered from various sources to reflect current and historial usage. They do not represent the opinions of YourDictionary.com.
Real estate abbreviations are important to save time and money. If they were not used, the ads for a home could get quite lengthy. Usually, the realtor's website will give a good description without the real estate abbreviations.
A liability is a debt, obligation or responsibility by an individual or company. Current liabilities are debts that are due within 12 months or the yearly portion of a long term debt.