Define: Long-Term Liabilities

Business, Legal & Accounting Glossary

Definition: Long-Term Liabilities

Quick Summary of Long-Term Liabilities

Money lent to a business for a fixed period, giving that business a commitment to pay interest for the period specified and to repay the loan at the end of the period Also called non-current liabilities information in the financial statements should show the commercial substance of the situation.


Synonyms For Long-Term Liabilities

long-term debt, long-term liability, long-term commitments, long term liabilities, non-current liabilities

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Long-Term Liabilities. Payroll & Accounting Heaven Ltd. April 05, 2020
Chicago Manual of Style (CMS):
Long-Term Liabilities. Payroll & Accounting Heaven Ltd. (accessed: April 05, 2020).
American Psychological Association (APA):
Long-Term Liabilities. Retrieved April 05, 2020, from website:

Definition Sources

Definitions for Long-Term Liabilities are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th January, 2020