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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Synonyms For Long-Term Liabilities


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

Long-Term Liabilities FAQ's



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Long-Term Liabilities. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. January 21, 2020 https://payrollheaven.com/define/long-term-liabilities/.
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Long-Term Liabilities. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/long-term-liabilities/ (accessed: January 21, 2020).
American Psychological Association (APA):
Long-Term Liabilities. PayrollHeaven.com. Retrieved January 21, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/long-term-liabilities/

Definition Sources


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

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

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