long-term liability

US /ˌlɔŋ tɜːrm ˌlaɪəˈbɪlɪti/
UK /ˌlɔŋ tɜːrm ˌlaɪəˈbɪlɪti/
"long-term liability" picture
1.

a liability that is not due for more than one year

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The company's balance sheet showed a significant amount of long-term liabilities, including bonds payable.
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Pension obligations are often classified as long-term liabilities.
:
non-current liabilityfixed liability
:
long-termliabilitylong-term debtcurrent liabilitytermstermin terms of