The claim on the assets of a business by outsiders is

The claim on the assets of a business by outsiders is called liabilities. Liabilities are obligations or debts that a business owes to others. This can include loans from banks, amounts owed to suppliers for goods or services, and taxes owed to the government. Liabilities represent the amount of money that a business owes to others and are a claim on the assets of the business. In other words, if a business were to liquidate its assets, the liabilities would need to be paid off before any remaining assets could be distributed to the owners. It's important for a business to keep track of its liabilities so that it can manage its financial obligations and maintain its solvency.