The Income/Outcome^® Contextuary

a visual glossary of corporate finance

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We use "business visualization" to graphically simplify complex business concepts (and increase business acumen). To get more information on business visualization, please see "The Company Board" (our business results visualizer) and Income/Outcome (our customizable business simulation).

The following are our generic explanations of common corporate financial terminology. Actual meanings can vary wildly from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"

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Current Debt

Liabilities that are due within 12 months of the date of the Balance Sheet. Current Liabilities include Accounts Payable (A/P), Taxes Payable, short-term loans, and the current portion of long-term debt.

Also called Current Liabilities.

Full it flag term list.

The Income/Outcome® Contextuary

a visual glossary of corporate finance

Current Debt

The Income/Outcome^® Contextuary