long-term debt

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Also found in: Acronyms.

Long-term debt

An obligation having a maturity of more than one year from the date it was issued. Also called funded debt.

Long-Term Debt

Bonds, loans, and any other debt with a maturity of longer than one year. Long-term debt is used for capital outlays, which usually involves a business' need to buy the basic necessities for its operations, such as facilities and major assets. It is also called funded debt.

long-term debt


long-term debt

Technically, that portion of any debt that will come due after 1 year from the current date. A newly made 30-year mortgage would have 1 year of payments posted to shortterm debt on the accounting books of the borrower, and 29 years posted to long-term debt. In common parlance, though, it is simply any debt with a maturity greater than 1 year from the time of making.

References in periodicals archive ?
In connection with the repricing of the long term debt obligation, the Company paid Banc of America Securities LLC a fee of $1,000,000 for its services in arranging and facilitating the consummation of the transaction, and a pre-payment premium of approximately $220,000 to second lien holders in connection with the redemption of second lien debt.
SunOpta's long term debt to equity ratio is still very reasonable at .
This issue of long term debt positions ENDESA in the US market with the aim of diversifying its stable, fixed income investor base and lengthening its debt maturity profile which was 5.
Fitch Ratings assigns an 'AA' long term debt rating to the 100-year, 6.
An inability to improve the performance in the card business will likely continue to depress the company's financial performance and place pressure on the long term debt rating.
Orsino, President and Chief Executive Officer stated "We are extremely pleased to have completed this transaction which lowers our overall interest rate and facilitated the early repayment, at a discount, of the subordinated long term debt.
Badger's Chief Executive Officer, Robert Olah reported: "Improved operating performance in the first three quarters of 2001 has allowed the Company to secure a long term debt structure that provides a platform for the continued implementation of our strategy to focus on specialty papers in niche markets.
stated, "Not only are we moving forward with a strategic sales and marketing plan, we are also building overall shareholder value by eliminating a substantial portion of long term debt.
The largest gaps foreseen for SALOMON INC include: other investments, short term debt & current portion of long term debt, interest expense on debt, total debt % total capital (%).
At December 31, 1996, Northrock had long term debt of $119.

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