This glossary uses Visual Finance™ to bring financial terms to life. Each example shows data from the Round Number Company, a fictional business with simplified figures to make learning easier. For more details, visit 'How to Read Visual Finance'.
Liabilities that are due within 12 months of the date of the Balance Sheet.
Current Liabilities include Payables and Short-Term Debt.
Also known as Current Liabilties.
See also Current Portion Of Long-Term Debt.
The above is our generic explanations of common corporate financial terminology. Actual meanings can vary widely 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?"
term list.