Long-term Liabilities


  • 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.
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