Meaning of “long-term liability” in the English Dictionary


"long-term liability" in Business English

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long-term liabilitynoun [ usually plural ]

uk us also fixed liability ACCOUNTING, FINANCE

a debt that does not need to be paid for at least a year:

Strict rules have been blamed for forcing life insurers to sell shares in order to fund long-term liabilities

(Definition of “long-term liability” from the Cambridge Business English Dictionary © Cambridge University Press)