DEFINITION OF 'LONG-TERM DEBT'
Long-term debt consists of loans and financial obligations lasting over one year. Long-term debt for a company would include any financing or leasing obligations that are to come due in a greater than 12-month period. Long-term debt also applies to governments: nations can also have long-term debt.
Read more: Long-Term Debt (ADBE) http://www.investopedia.com/terms/l/longtermdebt.asp#ixzz3qSk4RDXx
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