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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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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

No pessimist ever discovered the secret of the stars, or sailed to an uncharted land, or opened a new doorway for the human spirit. - Helen Keller

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