Long-Term Liability


Also found in: Wikipedia.

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 ?
It says that by rejecting 40,000 objections to controversial changes to trespass law, ministers have failed to properly tackle the issue of long-term liability, leaving landowners at risk long after drilling has stopped.
At the local level, Los Angeles Unified School District has estimated its long-term liability at $10 billion, and Los Angeles County government estimates its at $9 billion.
A policy that dictates 100-percent recycling, ensuring that its clients will not incur any Long-term liability for hazardous waste disposal
New York's law promises to make reuse of these sites more likely through reduced cleanup obligations, long-term liability relief, tax incentives, and lender protection.
Permanent magnet chucks deliver exceptional performance and long-term liability.
However, ignoring these steps creates a long-term liability -- i.
A capital lease, however, is in effect a purchase and results in the recording of an asset (the item leased) and a long-term liability to the lessor.
The new retiree medical benefit also reduces the actuarial value of the long-term liability by $21 million, from $33 million to $11 million.
GreenPark offers owners of contaminated property the opportunity to avoid the costs, risks, long-term liability, and perhaps most importantly, the uncertainties created by these properties.
Even in the United Kingdom, where language is not a problem, the duration of leases and its potential long-term liability pose enormous problems for "flexibility conscious" U.
According to Newpark, this is the only facility in the Gulf Coast market that processes such waste, creating a commercial reusable product and thereby minimizing the long-term liability of its oil company customers.
Although the county is still in the process of selecting an actuary to determine its long-term liability for other post employment benefits, officials expect the 2007 audited financial statements to be compliant on schedule with Governmental Accounting Standards Board Statement 45 (GASB 45).

Full browser ?