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What Is An Example Of A Long Term Liability. The current portion of long-term debt is listed separately to provide a more accurate view of a company's current liquidity and the company's ability to pay current. Accrued expenses, accounts payable and interest payable are common examples of current liabilities.
Definition: A long-term liability, often called a non-current liability, is an obligation that will not be paid off in the current year or accounting period.
Probably the most important type of long term liability that we're going to talk about in this class is bonds.
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Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company. You're supposed to pay back a mortgage, although this could take many years. Key Different - Current vs Long Term Liabilities.