current liabilities

  

Definition

Obligations such as deferred dividend, trade credit, and unpaid taxes, arising in the normal course of a business and due for payment within a year. Also called current debt.

Use current liabilities in a sentence

  • Our business was on the line for its current liabilities that I knew we would have hard time paying.

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  • The current liabilities were so low that we felt we were able to take on more debt and leverage our business.

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  • You need to always know what your current liabilities are so that you can budget out the rest of your business properly.

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