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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Long-Term Liabilities. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/long-term-liabilities/ (accessed: July 22, 2019).
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Long-Term Liabilities. PayrollHeaven.com. Retrieved July 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/long-term-liabilities/

Definition Sources


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

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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