Yayo: And I'd like to thank game 'cause he's mr potato head of the year, 'n' you kn..
Long-term liabilities = liabilities-current liabilities. Following is a list of some typical long-term liabilities: 1  Bonds payable. 2  Loans payable. 3  Deferred tax liability. 4  Pensions payable. 5  Post-retirement healthcare obligation. 6  Finance lease payable.
Outside of accounting and finance this term simply refers to any money or service that is currently owed to another party. One form of liability, for example, would be the property taxes that a homeowner owes to the municipal government. Current liabilities are debts payable within one year, while long-term liabilities are debts payable over a longer period.