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.
The more correct definition, however, is that current liabilities are liabilities that will by settled by current assets or by the creation of other current liabilities. Typical short term liabilities include accounts payable, short-term notes payable, commercial paper, and trade notes payable.