Long-Term Debt Definition

Below please find a definition of “Long-Term”

Financial Analysis Training & Glossary TermsLong-Term: Financial obligations that last for more than a year are termed as long-term debts. These debts generally involve interest payments. A very common example of a long-term debt is mortgage that is offered to customers by banks. Individuals are required to pay off the mortgage over a period of 15 years or more with interest.

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