current liability

noun

Definition of current liability

: a liability that arises in the ordinary course of business and must be met in a comparatively short time (as an account payable or an accrual of interest not yet due)

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Cite this Entry

“Current liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/current%20liability. Accessed 5 Dec. 2021.

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