Current Liabilities
/ˈkʌrənt laɪəˈbɪlɪtiz/
Definitions
- (n.) Obligations or debts of a business payable within one year or within the operating cycle, whichever is longer.
Current liabilities must be settled within the next fiscal year.
Forms
- current liabilities
Related terms
See also
Commentary
In legal and financial contexts, current liabilities indicate short-term financial obligations and are crucial for assessing a company's liquidity and solvency.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.