current liability


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Related to current liability: current assets, current ratio, Fixed asset, balance sheet, working capital, other liabilities

Current Liabilities

On a balance sheet, any liability expected to be paid off in one year or less. Common examples of current liabilities are short-term bills and accounts payable.

current liability

A debt due within a year. Current liabilities include accounts payable, short-term loans from financial institutions, current maturities of long-term debt, dividends declared but not paid, and expenses incurred but not paid. Current liabilities are generally met using current assets.
References in periodicals archive ?
Other damages height 5,000,000 EUR (must be 2-fold per year of insurance are carried at current liability insurance available, with 2-fold project insurance for the entire period).
If the payments are made in advance, then the current liability is equal to the lease instalments in the current financial year and the rest goes into non-current liabilities.
Southwest Airlines has a significant current liability in the form of unearned ticket revenue from customers paying in advance of flights.
If the premise is accepted that CPLTD is repaid from CPFA and not from current assets, it must follow that the current ratio is flawed by including CPLTD as a current liability that must be paid from current assets.
412 (1) establishes funding requirements for certain under-funded defined-benefit plans, generally based on a plan's unfunded current liability.
This provision permits employers to transfer funds from defined benefit plans with assets in excess of 125% of current liability to pay for current retiree health benefits.
So the current liability system isn't simply a problem for auditors--it's a problem for everyone.
78, Classification of Obligations That Are Callable by the Creditor, and therefore whether they should be classified as a current liability.
TriMed offers individual physicians and medical groups of all specialties a progressive business solution that allows physicians to take control of the uncertainties of the current liability insurance environment with site-based risk assessments and patient safety initiatives.
Fitch notes that MMC's fiscal 2002 auditor's report contains a going concern explanatory paragraph in relation to reclassifying $58 million of debt as a current liability due to the violation of the rate covenant.
In the first fiscal 2002 quarter Solectron repurchased $218 million of this issue and classified the remaining $615 million as a current liability.
2 million as of September 13, 2001, will continue to be classified as a current liability until such further amendment is finalized.

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