noncurrent liability

noncurrent liability definition - business

noncurrent liability

A liability not due to be paid within one year during the normal course of business. A long-term debt issue is a noncurrent liability.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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