Intro: How To Install An Electric Fence. For gardeners everywhere, the race to gather the harvest before animals do can be frustrating. Luckily, there is hope. Electric fences help provide a barrier around your garden ...
The long-term loan usually has a maturity of 3-10 years although long-term bank loans can stretch out as far as 20 years depending on its purpose.
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.