Surname Meaning-Dobson. This surname is actually my own maiden name, which has originated from Northern Ireland through my great great grandfather, Edward Dobson. I heard from my late grandfather that Edward was actually born in County Armagh, but how true that is I don't know.
Debt is money owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower may be a sovereign state or country, local government, company, or an individual. The lender may be a bank, credit card company, payday loan provider, or an individual. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.
Long-term as opposed to short-term debts are those that have a maturity greater than one year. Examples of long-term debt include bonds, long-term notes, debentures and mortgage loans. A high debt burden leaves a company with little operating room, diverting management's attention from running the business.o reducing long-term debt can help a business in the long run. Long-term debt appears in the cash flow statement under financing activities.