- Money that you owe over a period longer than 12 months, such as mortgages, bank loans and other obligations.
long-term financial liabilities
Related Terms and Acronyms
- Acid-Test Ratio — Definition,
- A ratio that determines the liquidity of a company without requiring the company to sell assets or inventory.
- Debt — Definition,
- Money one person or firm owes to another person or firm.
- Leverage — Definition,
- The use of a small amount of cash and a large loan to buy something.
- Liabilities — Definition,
- A borrower's debts and legal obligations.
- Loan — Definition,
- Letting another party use something of value temporarily.
- Long Term Capital Gain (LTCG) — Acronym,
- Your loss from the sale of a capital asset that you held for more than 12 months.
- Long-term Capital Loss — Definition,
- Your profit from the sale of a capital asset that you held for more than 12 months.
- Mortgage (mtg) — Abbreviation, Important,
- A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
- Short-term Liabilities — Definition,
- Money that you have to pay in less than 12 months, including wages, short-term loans, taxes, credit card balances and long-term loans.
- Solvency — Definition,
- To be able to meet one's financial liabilities in the short or long term.