What is another word for financial obligation?
Pronunciation: [fa͡ɪnˈanʃə͡l ˌɒblɪɡˈe͡ɪʃən] (IPA) 
When it comes to finances, there are several synonyms for "financial obligation," including debt, liability, responsibility, expenditure, expense, and commitment. Debt implies a legal obligation to repay money borrowed, while liability is a broader term that refers to responsibility for something, often with financial consequences. Responsibilities may include regular payments like rent, utilities, or taxes, as well as unexpected expenses. An expenditure is a single instance of spending money, while an expense is a regular or ongoing cost. A commitment refers to a promise to pay or a contractual obligation that involves financial responsibility. Understanding these synonyms can help individuals better manage their finances and make smarter financial decisions.
