Long-term liabilities are the same as long-term loans. Most companies call a debt long-term when it is on terms of five years or more.

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Bplans GlossaryBplans Glossary

At Bplans, it's our goal to make it easy for you to start and run your business. Our glossary of common business terms will help you learn about key small business and entrepreneurship topics, to help you plan, fund, and grow your business.