fixed liability

Definition of "fixed liability"
  1. A form of liability such as a bond or mortgage, which does not become due for at least a year from the date it is incurred or a specific date
How to use "fixed liability" in a sentence
  1. The company had a significant amount of fixed liability due to the multiple bonds it had issued last year.
  2. A mortgage is an example of a fixed liability as it is typically due after a year or more.
  3. The new company will have to manage its fixed liability carefully to ensure timely payments when they mature.

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