{"iri":"https://folio.openlegalstandard.org/ReM22WXGr33eO4jZitHsbw","label":"Long-Term Financial Obligations","sub_class_of":["https://folio.openlegalstandard.org/R9ce0e5pb4hAULGEtqlBCV8"],"parent_class_of":["https://folio.openlegalstandard.org/RDMUsjTZ7MYlmJzfXob9Rfi","https://folio.openlegalstandard.org/Rp6HTY7PCoNlY1Qqy1z33m"],"is_defined_by":null,"see_also":[],"comment":"Stemmed from Bankruptcy Project","deprecated":false,"preferred_label":"Long-Term Liability","alternative_labels":[],"translations":{},"hidden_label":null,"definition":"Long-Term Financial Obligations, also known as Long-term Liabilities, are debts or obligations that are due more than one year from the present date. These can include long-term loans, bonds payable, lease obligations, and pension liabilities, and they are recorded on a company's balance sheet under non-current liabilities.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}