current liabilities

Amounts owed by a business to other organizations and individuals that should be paid within one year from the balance-sheet date. These generally consist of trade creditors, bills of exchange payable, amounts owed to group and related companies, taxation, social-security creditors, proposed dividends, accruals, deferred income, payments received on account, bank overdrafts, and short-term loans. Any long-term loans repayable within one year from the balance-sheet date should also be included. Current liabilities are distinguished from long-term liabilities on the balance sheet.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • current liabilities — n. Liabilities that are part of normal business operations and that will be repaid within a year. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Current Liabilities — A company s debts or obligations that are due within one year. Current liabilities appear on the company s balance sheet and include short term debt, accounts payable, accrued liabilities and other debts. Essentially, these are bills that are due …   Investment dictionary

  • current liabilities — short term debts such as bank overdraft, creditors and provisions set aside to pay taxation and other commitments (for example, holiday or long service leave) and expected to come due within one year of the Balance Sheet. Glossary of Business… …   Financial and business terms

  • Current liabilities — Amount owed for salaries, interest, accounts payable and other debts due within 1 year. The New York Times Financial Glossary * * * current liabilities current liabilities ➔ liability * * *    The short term financial commitments of a company,… …   Financial and business terms

  • current liabilities — Amounts owed by a business to other organizations and individuals that should be paid within one year from the balance sheet date. These generally consist of trade creditors, bills of exchange payable, amounts owed to group and related companies …   Accounting dictionary

  • Current liabilities —   A debt or other obligation that must be discharged within one year or the normal operating cycle of the utility by expending a current asset or the incurrence of another short term obligation. Current liabilities include accounts payable, short …   Energy terms

  • current liabilities — An obligation that will be paid in the ordinary course of a business or within one year. A current liability is paid by expending a current asset. The phrase current liability carries with it the idea of a liability that is presently enforceable …   Black's law dictionary

  • current liabilities — Fin business liabilities that are to be cleared within the financial year …   The ultimate business dictionary

  • current liabilities — section of a balance statement which details the debts that a business must repay during the current year (Accounting) …   English contemporary dictionary

  • current liabilities — Com. indebtedness maturing within one year. * * * …   Universalium

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