Say that a company has a debt of 10 million $US
But from that debt, the company has to pay 2 million $US today. The rest of the debt has to be payed next year and later.
Is there a term for the debt that has to be paid today?
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2 Answers
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Are you thinking of "due debt"?
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1$\begingroup$ Also maybe “debt maturing today.” $\endgroup$ Commented Mar 31, 2019 at 13:54
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$\begingroup$ Yes, that's the term I was looking for. Thanks! $\endgroup$– Joe JobsCommented Apr 1, 2019 at 4:08
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Debt due today is an example of a current liability, although that term also includes liabilities due within one year, and is contrasted with long-term liabilities which are those due in more than one year.
answered Mar 31, 2019 at 21:34
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$\begingroup$ I can't vote for both answers but I would vote for yours too if I could. Thanks! $\endgroup$– Joe JobsCommented Apr 1, 2019 at 4:09