Current Liabilities definition: Copy, customize, and use instantly
Introduction
The term "Current Liabilities" refers to financial obligations or debts that are due within one year or within a company's operating cycle, whichever is longer. These liabilities are typically settled using current assets or by creating new current liabilities.
Below are various examples of how "Current Liabilities" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Current Liabilities" as debts due within a year
This definition ties "Current Liabilities" to short-term financial obligations.
"Current Liabilities" means liabilities that are due and payable within one year or within the company’s operating cycle, whichever is longer.
Definition of "Current Liabilities" as short-term financial obligations
This definition connects "Current Liabilities" to short-term debt obligations.
"Current Liabilities" refers to financial obligations that are expected to be settled with current assets or by creating new current liabilities within the next twelve months.
Definition of "Current Liabilities" as obligations due within a company’s cycle
This definition links "Current Liabilities" to the company’s operating cycle.
"Current Liabilities" means debts or obligations that are due within one year or within the normal operating cycle of the company, whichever is longer.
Definition of "Current Liabilities" as short-term financial commitments
This definition ties "Current Liabilities" to short-term financial commitments.
"Current Liabilities" refers to obligations that are expected to be settled using current assets, generally due within twelve months from the balance sheet date.
Definition of "Current Liabilities" as obligations payable within 12 months
This definition connects "Current Liabilities" to a 12-month timeframe.
"Current Liabilities" means liabilities that are due and payable within 12 months from the balance sheet date, or within the company’s operating cycle if longer.
Definition of "Current Liabilities" as short-term debts
This definition links "Current Liabilities" to short-term debts.
"Current Liabilities" refers to debts that are due for settlement within one year, typically requiring the use of current assets or the incurrence of new liabilities.
Definition of "Current Liabilities" as obligations settled by current assets
This definition ties "Current Liabilities" to the settlement process with current assets.
"Current Liabilities" means obligations that are expected to be settled by using current assets, typically within a period of one year.
Definition of "Current Liabilities" as debts due within a company’s fiscal year
This definition connects "Current Liabilities" to the fiscal year.
"Current Liabilities" refers to debts or financial obligations that are due within the company's fiscal year or operating cycle, whichever is longer.
Definition of "Current Liabilities" as liabilities within the operating cycle
This definition links "Current Liabilities" to the operating cycle.
"Current Liabilities" means liabilities that are due within the normal operating cycle of the company, or within one year, whichever period is longer.
Definition of "Current Liabilities" as debts expected to be settled in the short term
This definition connects "Current Liabilities" to short-term settlements.
"Current Liabilities" refers to financial obligations that are expected to be settled in the short term, typically within one year from the balance sheet date.
Definition of "Current Liabilities" as obligations due in the next operating cycle
This definition ties "Current Liabilities" to the operating cycle.
"Current Liabilities" means obligations that are due for settlement within the company’s next operating cycle or within one year, whichever is longer.
Definition of "Current Liabilities" as short-term payables
This definition links "Current Liabilities" to payables.
"Current Liabilities" refers to payables and debts that are expected to be settled within the company’s operating cycle or one year, whichever is longer.
Definition of "Current Liabilities" as obligations to be paid within one year
This definition connects "Current Liabilities" to one-year obligations.
"Current Liabilities" means obligations that are due and payable within one year, typically to be settled using current assets.
Definition of "Current Liabilities" as debts expected to mature in the short term
This definition ties "Current Liabilities" to maturing debts.
"Current Liabilities" refers to debts or obligations that are expected to mature or be paid off within the next 12 months from the balance sheet date.
Definition of "Current Liabilities" as financial obligations due soon
This definition links "Current Liabilities" to soon-to-be-due obligations.
"Current Liabilities" means financial obligations that are due for settlement within a year or within the company’s operating cycle, whichever period is longer.
Definition of "Current Liabilities" as debts to be repaid within 12 months
This definition connects "Current Liabilities" to repayment within 12 months.
"Current Liabilities" refers to debts that are expected to be repaid or settled within a 12-month period from the balance sheet date.
Definition of "Current Liabilities" as obligations to be discharged within the short term
This definition links "Current Liabilities" to discharge obligations.
"Current Liabilities" means obligations that are to be discharged or settled within a short term, usually within one year or within the company’s operating cycle.
Definition of "Current Liabilities" as debts with short-term due dates
This definition connects "Current Liabilities" to short-term due dates.
"Current Liabilities" refers to debts or obligations that have due dates within the next 12 months or within the company's operating cycle, whichever is longer.
Definition of "Current Liabilities" as obligations to be fulfilled within a year
This definition ties "Current Liabilities" to fulfillment within a year.
"Current Liabilities" means obligations that are to be fulfilled or paid within the next 12 months from the balance sheet date.
Definition of "Current Liabilities" as financial obligations with short-term maturity
This definition links "Current Liabilities" to maturity.
"Current Liabilities" refers to financial obligations with a maturity or due date within one year or the operating cycle, whichever is longer.
Definition of "Current Liabilities" as payables due within one year
This definition connects "Current Liabilities" to short-term payables.
"Current Liabilities" means payables that are due within one year or within the company’s operating cycle, whichever is longer.
Definition of "Current Liabilities" as obligations requiring short-term financing
This definition ties "Current Liabilities" to short-term financing.
"Current Liabilities" refers to obligations that are expected to be settled within a year, often requiring the use of short-term financing or current assets.
Definition of "Current Liabilities" as debts expected to be cleared soon
This definition connects "Current Liabilities" to debts to be cleared soon.
"Current Liabilities" means debts or financial obligations that are expected to be cleared or paid off within the short term, typically within one year.
Definition of "Current Liabilities" as debts payable within the next fiscal year
This definition ties "Current Liabilities" to fiscal year obligations.
"Current Liabilities" refers to debts payable within the company’s next fiscal year, or within one year, whichever is longer.
Definition of "Current Liabilities" as liabilities to be paid off in the short term
This definition links "Current Liabilities" to short-term payment obligations.
"Current Liabilities" means liabilities that are due to be paid off in the short term, typically within 12 months or within the company’s operating cycle.
Definition of "Current Liabilities" as debts due within a company’s accounting period
This definition connects "Current Liabilities" to the accounting period.
"Current Liabilities" refers to debts or obligations that are due within the company's accounting period, typically within one year from the balance sheet date.
Definition of "Current Liabilities" as obligations to be settled with current assets
This definition ties "Current Liabilities" to settlement with current assets.
"Current Liabilities" means obligations expected to be settled with current assets, generally within one year or within the company’s operating cycle, whichever is longer.
Definition of "Current Liabilities" as short-term obligations in financial statements
This definition links "Current Liabilities" to financial statements.
"Current Liabilities" refers to short-term obligations presented in the financial statements, typically payable within one year.
Definition of "Current Liabilities" as obligations expected to be fulfilled shortly
This definition connects "Current Liabilities" to obligations to be fulfilled shortly.
"Current Liabilities" means obligations that are expected to be fulfilled or settled within the near term, typically within the next 12 months.
Definition of "Current Liabilities" as debts with a one-year payment period
This definition ties "Current Liabilities" to a one-year payment period.
"Current Liabilities" refers to debts or obligations that have a payment period of one year or less from the balance sheet date.
Definition of "Current Liabilities" as short-term debts for financial reporting
This definition connects "Current Liabilities" to financial reporting.
"Current Liabilities" means short-term debts that must be disclosed in financial reporting, typically due within 12 months.
Definition of "Current Liabilities" as debts requiring immediate settlement
This definition links "Current Liabilities" to immediate settlement.
"Current Liabilities" refers to debts or obligations requiring settlement within a short time, typically within one year or the company’s operating cycle.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.