long term liability
Definition
Obligation payable in goods or services at a future period more than 12 months away from today or the date of balance sheet. A firm must disclose its long-term liabilities in its balance sheet with their interest rates (or other charges) and date of maturity.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
long term liability in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/long-term-liability.html
