CURRENT PORTION OF LONG-TERM DEBT Definition

Bookmark and Share

CURRENT PORTION OF LONG-TERM DEBT is only that portion of long-term obligations (payable in more than one year) which are owed and payable in the current year; e.g. the portion of a five-year loan or lease that is due in the current calendar/fiscal year.

Learn new Accounting Terms

B as the fifth letter of a Nasdaq stock descriptor specifies that the stock issue is Class B shares of the company.

SMALL BUSINESS a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. The legal definition of "small" varies by country and by industry. In the United States the Small Business Administration establishes small business size standards on an industry-by-industry basis, but generally specifies a small business as having fewer than 100 employees.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.