Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “current liability”

current liability

noun [usually plural]    
FINANCE a payment that a company must make within 12 months : If a company has current assets of $4 and current liabilities of $2, then its working capital is $2. You work out a company's liquidity by dividing its current assets by its current liabilities.
(Definition of current liability noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of current liability

More Business English definitions for “current liability”

Word of the Day

scramble

to mix eggs with a little milk and mix again as they are being fried

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More