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Liability




A legal obligation to pay a debt owed. Current liabilities are debts payable within 12 months.

Long-term liabilities are debts payable over a period of more than 12 months.

Related Terms:

Current Liabilities
Debts that must be paid off within a company's operating cycle or within one year, whichever ...

Bear Market
A declining stock market over a prolonged period, usually lasting at least six months and normally ...

Bull Market
A rising stock market over a prolonged period, usually lasting at least six months and normally ...





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