confirmed liability
[kən-ˈfərmd ˌlī-ə-ˈbi-lə-tē]
nounpl: confirmed liabilities
responsabilidade confirmada
1. A legal or financial obligation that has been verified, acknowledged, and documented as valid and binding
The auditor identified a confirmed liability of $50,000 on the company's balance sheet.
O auditor identificou uma responsabilidade confirmada de $50.000 no balanço da empresa.
2. In banking and trade finance, a liability that has been formally acknowledged and accepted by all parties involved
The letter of credit established a confirmed liability for the bank to pay the exporter.
A carta de crédito estabeleceu uma responsabilidade confirmada para o banco pagar ao exportador.
3. An obligation whose existence, amount, and creditor have been definitively established and documented
After the court ruling, the defendant faced a confirmed liability to pay damages.
Após a decisão judicial, o réu enfrentou uma responsabilidade confirmada de pagar indenizações.
In Brazilian and Portuguese business contexts, 'confirmed liability' is primarily used in accounting, auditing, and legal documentation. It represents financial obligations that have been formally verified and cannot be disputed, as opposed to contingent liabilities which are potential future obligations. The term is essential in financial reporting under IFRS and local accounting standards.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →