current liability

Current liabilities are financial obligations generally due within one year. Examples of current liabilities are accounts payable , short-term debt , dividends , and income tax .

See also: liability

[Last reviewed in November of 2021 by the Wex Definitions Team ]

Wex

• COMMERCE
• accounting
• finance
• LIFE EVENTS
• accidents & injuries (tort law)
• product liability law
• standards of tort liability
• financial events
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