long-term debt

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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 ?
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.
23 +109 Capital Expenditures 121,951 45,034 +171 Long Term Debt 118,985 59,129 +101
Cost of sales and store, warehouse, general, administrative and sales support expenses $269,151 $127,257 Depreciation and amortization $11,491 $4,636 Interest on obligations under capital leases $2,261 $1,757 Interest on long term debt $644 $299 Other interest $ 12 $258 Interest income ($2,187) ($459)
After accounting for this settlement Tellus' long term debt is reduced to $248,000 compared to net shareholders equity of $4,515,000.
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.

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