Long-Term Liability

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Long-Term Liability

Any liability with a term of greater than a year. In both investing and personal finance, a long-term liability often is a loan with a long payback period. Examples include a 30-year mortgage or a 10-year Treasury note. See also: Long-term financing.
References in periodicals archive ?
Additionally, the agreement reduces the city's long term liability for unfunded retiree health costs.
2 million of debt from a long term liability to a current liability in the consolidated balance sheet as of December 31, 2005.
This other long term liability was relieved through an increase in the number of shares outstanding by 6,000,000 shares.
They are extremely concerned about long term liability of their clients, further demonstrating our ability to address such concerns.
The canceled long term liability, which was non-interest bearing and collateralized by equipment, had been with a lender who could realize repayment solely in connection with placing business, which would be heavily discounted, with the Company over a previously agreed upon period of time which expired Sept.