long-term debt
Years-long financial burden
Long-term debt is money owed that isn't due for more than a year—typically loans, bonds, or mortgages extending five, ten, or thirty years.
Companies and governments use long-term debt to finance major investments: The company took on long-term debt to build a new factory.
On a balance sheet, it appears separately from short-term obligations due within twelve months.
- bondsTies that unite
- bond issueSale of debt securities
- junk bondLow-rated corporate debt
- maturityFull growth achieved
- principalChief school administrator
interest · interest rate · leverage · refinance · credit · credit rating · default · obligation · liability · balance sheet · covenant · collateral · mortgage · lender · borrower · amortization · payment schedule · yield
- debtscar loan, student loan, loans, bank loan, personal loan
- financial termswealth, asset, currency, balance sheet, audit
- accounting termsassets, cash, expenses, equity, retained earnings
- liabilitiesaccounts payable, tax liability, payables, accrued interest, tax liabilities
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- bookkeepingledger, general ledger, accounts, ledgers, journal entry
long-term debtequity
Impartial treatment or ownership value
common stock · retained earnings · long-term investments · capital stock · net worth
long, longer, longest, length, lengthen, lengthy, prolong, prolonged, elongate