Use liability, liabilities, debt, or debts to complete the sentences below.

1. He’ll have paid his … off by next year.
2. Look at the assets and … on the balance sheet if you want to know how the company’s doing.
3. Many developing countries are burdened by heavy …
4. We need to look at the long-term … before we think about any major new purchases.
5. The partnership has limited … status
6. Current … are those which are paid off within a year.
7. The company’s in … to the tune of 10 million.