MLchartDataset catalogue

Current liability

Term · Law · MLC-T-LAW-001443

An obligation that is expected to be settled or paid within one year or one operating cycle, whichever is longer. Examples include accounts payable, short-term loans, accrued expenses, and the current portion of long-term debt. These liabilities are reported on a company's balance sheet and indicate its short-term financial obligations.

Table 1. Record
IdentifierMLC-T-LAW-001443
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001443",
  "term": "Current liability",
  "field": "Law",
  "definition": "An obligation that is expected to be settled or paid within one year or one operating cycle, whichever is longer. Examples include accounts payable, short-term loans, accrued expenses, and the current portion of long-term debt. These liabilities are reported on a company's balance sheet and indicate its short-term financial obligations.",
  "url": "https://mlchart.com/terminology/law/current-liability/"
}

Record 1,301 of 5,441 in Law terminology (MLC-0107). Request the full dataset.