fixed liability
- 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
- The company had a significant amount of fixed liability due to the multiple bonds it had issued last year.
- A mortgage is an example of a fixed liability as it is typically due after a year or more.
- The new company will have to manage its fixed liability carefully to ensure timely payments when they mature.
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