A sum owed that does not have to be repaid within the next accounting period of a business. In some contexts a long-term liability may be regarded as one not clue for repayment within the next three, or possibly ten years.
A sum owed that does not have to be repaid within the next accounting period of a business. In some contexts a long-term liability may be regarded as one not clue for repayment within the next three, or possibly ten years.