Fixed liability
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A fixed liability is a debt, bond, mortgage or loan that is payable over a term exceeding one year. Such debts are better known as non-current liabilities or long-term liabilities. Debts or liabilities due within one year are known as current liabilities.
A fixed liability is a debt, bond, mortgage or loan that is payable over a term exceeding one year. Such debts are better known as non-current liabilities or long-term liabilities. Debts or liabilities due within one year are known as current liabilities. ==References==
Text derived from https://en.wikipedia.org/w/index.php?oldid=1363136486 under CC BY-SA 4.0; modifications have been made.