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Glossary   >   C   >   "Current liabilities" Definition            Current liabilities Amount owed for salaries, interest, accounts payable and other debts due within 1 year. Debts owed by a company which are due for settlement within 12 months. These include creditors and taxes due etc. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Current liabilities - Amount owed for salaries, interest, accounts payable and other debts due within 1 year.

Debts owed by a company which are due for settlement within 12 months. These include creditors and taxes due etc.