Current Liability

Current Liability is a term in accounting for the money payable within the current accounting year, on account of trade creditors, taxation, dividends, etc. To these are often added provisions, i.e. any charges or liabilities (various government duties, disputed claims, etc.) which the company may have to settle within the accounting year.

Nearby pages
Current Liquidity, Current Ratio, Current Yield, Curtius, Curtmantle