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Current liabilities

• Amount owed for salaries, interest, accounts payable and other debts due within 1 year.

• Refer to obligations due and payable within a year.

• Obligations due in the short term; accounts payable, rent, taxes and sometimes payments on long term liabilities due in the current period.

• Appears on a company's Balance Sheet, representing amounts owed for interest, accounts payable, short-term loans, expenses incurred but unpaid, and other debts due within one year.

• Short-term liabilities, expected to be paid within one year or less.

 
 Embedded terms in definition
 Accounts payable
Balance sheet
Expenses
Interest
Liabilities
Long term liabilities
Long term
Long
Short
Term loan
 
 Related Terms
 

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What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

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