Liability
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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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