Examlex
A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to losing the funds he/she invested.
Union Dues Payable
Liabilities recorded on a company's balance sheet for union dues that are owed but not yet paid.
Current Liabilities
A company's debts or obligations that are due within one year.
Long-Term Liabilities
These are obligations or debts that are due to be paid out beyond one year in the future.
Current Liability
A liability that must be paid off within one year or the standard operating cycle of the company, whichever period is greater.
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