current liability

noun

Meaning

A financial obligation or debt that a company expects to pay off within one year or one operating cycle.

Examples

The company reported a significant increase in its current liability due to a short-term bank loan.
Investors closely monitor the ratio of assets to current liability to assess the firm's liquidity.

Synonyms: short-term debt, short-term obligation

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current liability

noun

Pronunciation: ˈkʌrənt ˌlaɪəˈbɪləti

Definition

A financial obligation or debt that a company expects to pay off within one year or one operating cycle.

Examples

The company reported a significant increase in its current liability due to a short-term bank loan.
Investors closely monitor the ratio of assets to current liability to assess the firm's liquidity.
Accounts payable are typically classified as a current liability on the balance sheet.

Synonyms of current liability

Words with a similar meaning to current liability:

Antonyms of current liability

Words with the opposite meaning to current liability:

long-term liability

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