LONG-TERM LIABILITIES Definition

Bookmark and Share

LONG-TERM LIABILITIES are liabilities of a business that are due in more than one year. An example of a long-term liability would be a mortgage payable.

Learn new Accounting Terms

POSITIVE REQUEST see POSITIVE CONFIRMATION.

FAF is Financial Accounting Foundation or Financial Aid Form.

Suggest a Term

Enter Search Term

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