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Financial Terms | |
Current liability |
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Definition of Current liabilityCurrent liabilityThis is typically the accounts payable, short-term notes payable, and
Related Terms:Accounts payableAcurrent liability on the balance sheet, representing short-term obligations Asset/liability managementAlso called surplus management, the task of managing funds of a financial concurrent engineeringsee simultaneous engineering Contingent LiabilityAn obligation that is dependent on the occurrence or nonoccurrence of Contingent pension liabilityUnder ERISA, the firm is liable to the plan participants for up to 39% of the net Current accountNet flow of goods, services, and unilateral transactions (gifts) between countries. Current AccountThat part of the balance of payments accounts that records demands for and supplies of a currency arising from activities that affect current income, namely imports, exports, investment income payments such as interest and dividends, and transfers such as gifts, pensions, and foreign aid. ![]() Current assetTypically the cash, accounts receivable, and inventory accounts on the Current assetsValue of cash, accounts receivable, inventories, marketable securities and other assets that Current assetsCash, things that will be converted into cash within a year (such as accounts receivable), and inventory. Current assetsAmounts receivable by the business within a period of 12 months, including bank, debtors, inventory and prepayments. current assetscurrent refers to cash and those assets that will be turned Current AssetsCash and other company assets that can be readily turned into cash within one year. Current costUnder target costing concepts, this is the cost that would be applied to a Current couponA bond selling at or close to par, that is, a bond with a coupon close to the yields currently Current-coupon issuesRelated: Benchmark issues ![]() Current DollarsA variable like GDP is measured in current dollars if each year's value is measured in prices prevailing during that year. In contrast, when measured in real or constant dollars, each year's value is measured in a base year's prices. Current Income Tax ExpenseThat portion of the total income tax provision that is based on Current issueIn Treasury securities, the most recently auctioned issue. Trading is more active in current Current liabilitiesAmount owed for salaries, interest, accounts payable and other debts due within 1 year. Current liabilitiesBills a company must pay within the next twelve months. Current liabilitiesAmounts due and payable by the business within a period of 12 months, e.g. bank overdraft, creditors and accruals. current liabilitiescurrent means that these liabilities require payment in Current LiabilitiesDebts or other obligations coming due within a year. Current maturitycurrent time to maturity on an outstanding debt instrument. Current rate methodUnder this currency translation method, all foreign currency balance-sheet and income Current ratioIndicator of short-term debt paying ability. Determined by dividing current assets by current Current ratioA ratio that shows how many times a company could pay its current debts if it used its current assets to pay them. The formula: current ratioCalculated to assess the short-term solvency, or debt-paying Current RatioA measure of the ability of a company to use its current assets to Current Ratiocurrent assets divided by current liabilities. This ratio indicates the extent to which the claims of short-term creditors are covered by assets expected to be converted to cash in the near future. Current Tax Payment Act of 1943A federal Act requiring employers to withhold income taxes from employee pay. Current yieldFor bonds or notes, the coupon rate divided by the market price of the bond. current yieldAnnual coupon payments divided by bond price. Current YieldThe percentage return on a financial asset based on the current price of the asset, without reference to any expected change in the price of the asset. This contrasts with yield-to-maturity, for which the calculation includes expected price changes. See also yield. Deferred Tax LiabilityFuture tax obligation that results from the origination of a temporary LiabilityA financial obligation, or the cash outlay that must be made at a specific time to satisfy the LiabilityA dollar amount of obligation payable to another entity. LiabilityA probable future sacrifice of economic benefits arising from present obligations of Liability funding strategiesInvestment strategies that select assets so that cash flows will equal or exceed Liability swapAn interest rate swap used to alter the cash flow characteristics of an institution's liabilities so Limited liabilityLimitation of possible loss to what has already been invested. limited liabilityThe owners of the corporation are not personally responsible for its obligations. limited liability companyan organizational form that is a hybrid of the corporate and partnership organizational Limited-liability instrumentA security, such as a call option, in which the owner can only lose his initial Limited-liability instrumentA security, such as a call option, in which the owner can only lose his initial investment. limited liability partnershipan organizational form that is a hybrid of the corporate and partnership organizational Other current assetsValue of non-cash assets, including prepaid expenses and accounts receivable, due Unlimited liabilityFull liability for the debt and other obligations of a legal entity. The general partners of a Fair ValueThe amount at which an asset could be purchased or sold or a liability incurred or Net book valueThe current book value of an asset or liability; that is, its original book value net of any Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |