Definition of spontaneous liabilities

spontaneous liabilities

See operating liabilities.

Current liabilities

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

Long-term liabilities

Amount owed for leases, bond repayment and other items due after 1 year.

Other long term liabilities

Value of leases, future employee benefits, deferred taxes and other obligations
not requiring interest payments that must be paid over a period of more than 1 year.

Current liabilities

Bills a company must pay within the next twelve months.

LIABILITIES

What a company owes to its creditors. In other words, debts.

LONG-TERM LIABILITIES

Bills that are payable in more than one year, such as a mortgage or bonds.

Current liabilities

Amounts due and payable by the business within a period of 12 months, e.g. bank overdraft, creditors and accruals.

Liabilities

Debts that the business owns.

Long-term liabilities

Amounts owing after more than one year.

Liabilities

Amounts owed by the company.

current liabilities

Current means that these liabilities require payment in
the near term. Generally, these include accounts payable, accrued
expenses payable, income tax payable, short-term notes payable, and
the portion of long-term debt that will come due during the coming year.
Keep in mind that a business may roll over its debt; the old, maturing
debt may be replaced in part or in whole by new borrowing.

Current Liabilities

Debts or other obligations coming due within a year.

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