Examlex
Choose the INCORRECT statement.
Maturity
The date on which the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.
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.
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