Define: Long-Term Liabilities

UK 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.


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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. November 12, 2019
Chicago Manual of Style (CMS):
Long-Term Liabilities. Payroll & Accounting Heaven Ltd. (accessed: November 12, 2019).
American Psychological Association (APA):
Long-Term Liabilities. Retrieved November 12, 2019, from website:

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This glossary post was last updated: 23rd December 2018.