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

RELATIVE CHANGE is a value that is properly related in size or degree or other measurable characteristics, e.g. cost of goods enjoyed a relative change of 9% as compared to prior period performance.

AVERAGE COST METHOD is using a weighted average cost for items in inventory rather than actual cost for each specific item.

Suggest a Term

Enter Search Term

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