German NOUN C1 Rank 9577

die Verbindlichkeit

binding force / reliability / liability

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Verbindlichkeit vs Schuld

guilt / debt

A financial „Schuld“ is an amount of money owed and is usually referred to in everyday language as „Schulden“ (debts). „Verbindlichkeiten“ is a more formal term that summarizes financial obligations. „Schulden“ is appropriate for everyday statements about amounts owed, while „Verbindlichkeiten“ is used in a formal financial overview.

Visual example for Schuld
Verbindlichkeit

In der Jahresübersicht stehen Verbindlichkeiten von 20.000 Euro gegenüber der Bank.

The annual overview lists liabilities of 20,000 euros owed to the bank.

Schuld

Die Firma hat bei der Bank Schulden von 20.000 Euro.

The company has debts of 20,000 euros with the bank.

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