Long-term liabilities


Long-term liabilities

Amount owed for leases, bond repayment, and other items due after 1 year.

Long-Term Liability

Any liability with a term of greater than a year. In both investing and personal finance, a long-term liability often is a loan with a long payback period. Examples include a 30-year mortgage or a 10-year Treasury note. See also: Long-term financing.