Below please find a definition of “Long-Term”
Long-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.
Free MP3 Download: To download our free 35 minute audio interview with expert Richard C. Wilson on how to succeed in the field of finance please click here.
Fast Financial Training: If you want to take your finance or business career to the next level you should explore our financial analysis certification program, or our training programs on financial modeling, investment banking, hedge funds, or private equity. All of these programs are offered on https://BusinessTraining.com
Expand Your Financial Vocabulary: Read more finance terms and definitions
Tags: What is long-term debt?, Long-term debit definition, Long-term debts, Long-term debt example, Long-term debt ratio, Long-term debt rating