FOLIO Ontology

Current Financial Obligations

IRI:
https://folio.openlegalstandard.org/RDMogej8AdNSlkztHiKlIGK
Preferred Label Current Liability
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Definition

Current Financial Obligations, also known as Current Liabilities, are debts or obligations that a company is expected to settle within one fiscal year or operating cycle, whichever is longer. These can include accounts payable, short-term loans, and other debts that are due within a short timeframe, and they are listed on a company's balance sheet.

Class Relationships

Is Defined By

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See Also

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Class Hierarchy Visualization

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Additional Information

Metadata

Comment

Stemmed from Bankruptcy Project

Description

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Notes

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Editorial Information

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Editorial Note

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Identifier

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Deprecated

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Source and Origin

No source or origin information available