Examlex
Which consists of the body of rules and principles that govern the rights and duties between parties?
Non-current Liability
A financial obligation that is not due for settlement within one year or the normal operating cycle of the business, often including long-term loans, bonds payable, and lease obligations.
Current Liability
Financial obligations that a company is required to pay within one year or within its normal operating cycle.
Current Maturities
The portion of a company's long-term debt that is due to be paid within the upcoming year.
Property Tax
Taxes levied by local governments based on the estimated value of property, including real estate and personal property.
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