Meaning of the word "long-term liability" in English
What does "long-term liability" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
long-term liability
US /ˌlɔŋ tɜːrm ˌlaɪəˈbɪlɪti/
UK /ˌlɔŋ tɜːrm ˌlaɪəˈbɪlɪti/
Noun
1.
a liability that is not due for more than one year
Example:
•
The company's balance sheet showed a significant amount of long-term liabilities, including bonds payable.
•
Pension obligations are often classified as long-term liabilities.
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