The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LONG TERM LIABILITY Definition & Legal Meaning

Definition & Citations:

A year or more in the future, either from the balance sheet date or today, this obligation is due in goods or services. Disclosing its long-term liabilities with their interest rates, other charges and date of maturity in its balance sheet is a firm’s duty.


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