noncurrent liability

Noncurrent liability

A liability due in one year.

Noncurrent Liability

Any liability with a term of greater than a year. In both investing and personal finance, an example of a noncurrent liability often is a loan with a payback period of longer than one year. Examples include a 30-year mortgage or a 10-year Treasury note. See also: Long-term financing.

noncurrent liability

A liability not due to be paid within one year during the normal course of business. A long-term debt issue is a noncurrent liability.
References in periodicals archive ?
Ten percent--or $15,000 plus interest--is listed as a current liability on each year's balance sheet, leaving the remainder as a future or noncurrent liability.
The amended Form 10-K and the amended Form 10-Q are expected to include restated financial statements which reflect the appropriate amount of debt reclassified from a current liability to a noncurrent liability.