Terms Beginning With 'l'

Long Term Debt

Long Term Debt or LTD is the outstanding debt having a maturity of twelve months or more and is categorized as a non-current liability on the balance sheet of the company.

The time to maturity for Long Term Debt can vary anywhere from twelve months to more than 30 years, and the categories of debt can include mortgages, debentures, bank loans, bonds and more.